Short Interest in Orange S.A. (NYSE:ORAN) Rises By 27.3%

Orange S.A. (NYSE:ORAN) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 856,000 shares, a growth of 27.3% from the May 31st total of 672,300 shares. Based on an average daily volume of 599,200 shares, the short-interest ratio is currently 1.4 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC bought a new position in shares of Orange during the 1st quarter valued at approximately $39,000. CWM LLC boosted its position in shares of Orange by 53.1% in the fourth quarter. CWM LLC now owns 3,586 shares of the technology company’s stock worth $41,000 after purchasing an additional 1,244 shares during the period. GAMMA Investing LLC boosted its position in shares of Orange by 118.2% in the first quarter. GAMMA Investing LLC now owns 3,662 shares of the technology company’s stock worth $43,000 after purchasing an additional 1,984 shares during the period. Tucker Asset Management LLC purchased a new stake in shares of Orange in the fourth quarter worth $76,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Orange by 13.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 8,277 shares of the technology company’s stock valued at $95,000 after purchasing an additional 965 shares during the period.

Analyst Ratings Changes

Several brokerages recently issued reports on ORAN. JPMorgan Chase & Co. began coverage on shares of Orange in a report on Wednesday, April 17th. They issued an “overweight” rating on the stock. StockNews.com cut Orange from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. Finally, Sanford C. Bernstein started coverage on Orange in a research report on Friday, May 24th. They issued an “outperform” rating on the stock. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.08.

Orange Stock Performance

Shares of Orange stock opened at $10.14 on Tuesday. Orange has a 1-year low of $9.82 and a 1-year high of $12.41. The company’s fifty day simple moving average is $11.04 and its 200-day simple moving average is $11.41. The company has a current ratio of 0.83, a quick ratio of 0.79 and a debt-to-equity ratio of 0.88.

Orange Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, June 21st. Shareholders of record on Monday, June 3rd were issued a dividend of $0.4523 per share. This represents a yield of 5.1%. The ex-dividend date of this dividend was Monday, June 3rd. This is a positive change from Orange’s previous semi-annual dividend of $0.32.

About Orange

Orange SA provides various fixed telephony and mobile telecommunications, data transmission, and other value-added services to customers, businesses, and other telecommunications operators in France and internationally. The company operates through France; Spain and Other European Countries; The Africa and Middle East; Enterprise; Orange business; Totem; International Carriers & Shared Services; and Mobile Financial Services segments.