Orange SA (NYSE:ORAN) saw a significant growth in short interest in December. As of December 31st, there was short interest totalling 804,200 shares, a growth of 43.4% from the December 15th total of 560,700 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 505,900 shares, the short-interest ratio is currently 1.6 days.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Quadrant Capital Group LLC grew its position in shares of Orange by 75.8% in the third quarter. Quadrant Capital Group LLC now owns 8,099 shares of the technology company’s stock valued at $116,000 after purchasing an additional 3,491 shares during the period. Pacer Advisors Inc. acquired a new position in Orange during the second quarter worth about $120,000. Checchi Capital Advisers LLC boosted its position in Orange by 12.3% during the third quarter. Checchi Capital Advisers LLC now owns 13,517 shares of the technology company’s stock worth $210,000 after acquiring an additional 1,482 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Orange by 9.8% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 14,278 shares of the technology company’s stock worth $224,000 after acquiring an additional 1,279 shares during the last quarter. Finally, Wetherby Asset Management Inc. boosted its position in Orange by 3.4% during the third quarter. Wetherby Asset Management Inc. now owns 23,836 shares of the technology company’s stock worth $371,000 after acquiring an additional 792 shares during the last quarter. Institutional investors and hedge funds own 0.90% of the company’s stock.
A number of research analysts have weighed in on ORAN shares. Bryan, Garnier & Co cut shares of Orange from a “buy” rating to a “neutral” rating in a report on Thursday, December 5th. Societe Generale raised shares of Orange from a “hold” rating to a “buy” rating in a report on Monday, November 25th. ValuEngine raised shares of Orange from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. Zacks Investment Research cut shares of Orange from a “hold” rating to a “sell” rating in a report on Wednesday, January 8th. Finally, Cfra reaffirmed a “hold” rating and issued a $16.00 price objective on shares of Orange in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $17.00.
Shares of NYSE ORAN opened at $14.57 on Tuesday. The company’s 50-day simple moving average is $15.02 and its 200-day simple moving average is $15.36. Orange has a 52-week low of $14.46 and a 52-week high of $16.80. The firm has a market cap of $38.70 billion, a price-to-earnings ratio of 19.96, a price-to-earnings-growth ratio of 0.94 and a beta of 0.33. The company has a quick ratio of 0.76, a current ratio of 0.79 and a debt-to-equity ratio of 0.95.
Orange Company Profile
Orange SA provides a range of fixed telephony and mobile telecommunications, data transmission, and other value-added services to consumers, businesses, and other telecommunications operators in Europe, Africa, and the Middle East. The company offers mobile services, such as voice, SMS, and data; fixed broadband and narrowband services, as well as fixed network business solutions, including voice and data; and convergence packages.
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