Orange SA (NYSE:ORAN) Sees Large Growth in Short Interest

Orange SA (NYSE:ORAN) saw a large increase in short interest in January. As of January 31st, there was short interest totalling 952,500 shares, an increase of 18.4% from the January 15th total of 804,200 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 625,900 shares, the short-interest ratio is currently 1.5 days.

Shares of NYSE:ORAN traded up $0.16 during trading on Friday, reaching $14.47. 955,925 shares of the stock traded hands, compared to its average volume of 822,232. The stock has a market cap of $36.82 billion, a P/E ratio of 19.82, a price-to-earnings-growth ratio of 0.88 and a beta of 0.37. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.76 and a current ratio of 0.79. The stock has a 50-day moving average of $14.39 and a two-hundred day moving average of $15.21. Orange has a 52-week low of $13.77 and a 52-week high of $16.80.

A number of research analysts have issued reports on the company. Goldman Sachs Group cut Orange from a “conviction-buy” rating to a “neutral” rating in a research note on Wednesday, January 15th. Societe Generale raised Orange from a “hold” rating to a “buy” rating in a research note on Monday, November 25th. New Street Research raised Orange from a “neutral” rating to a “buy” rating in a research note on Thursday. Citigroup upgraded Orange from a “neutral” rating to a “buy” rating in a report on Tuesday, November 26th. Finally, Berenberg Bank lowered Orange from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $17.00.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE boosted its stake in Orange by 2.8% during the 4th quarter. Bank of America Corp DE now owns 2,582,955 shares of the technology company’s stock valued at $37,686,000 after purchasing an additional 71,410 shares during the last quarter. Managed Asset Portfolios LLC raised its stake in shares of Orange by 14.2% in the fourth quarter. Managed Asset Portfolios LLC now owns 1,886,732 shares of the technology company’s stock worth $27,528,000 after purchasing an additional 234,186 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Orange by 33.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,215,740 shares of the technology company’s stock worth $17,738,000 after purchasing an additional 301,761 shares during the last quarter. FMR LLC lifted its holdings in shares of Orange by 30.0% during the fourth quarter. FMR LLC now owns 486,964 shares of the technology company’s stock valued at $7,104,000 after purchasing an additional 112,303 shares in the last quarter. Finally, Thornburg Investment Management Inc. bought a new position in shares of Orange during the fourth quarter valued at $7,056,000. Institutional investors own 0.90% of the company’s stock.

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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