Orange S.A. (NYSE:ORAN) Short Interest Down 16.8% in July
Orange S.A. (NYSE:ORAN) saw a 16.8% decrease in short interest in July. The company's stock price reached $11.17 and it recently increased its dividend. Several research analysts have given the stock a buy rating. Large investors have also shown interest in the company. Overall, Orange S.A. is experiencing positive developments in its financial and market performance.
Orange S.A. (NYSE:ORAN - Get Free Report) was the target of a significant decline in short interest in the month of July. As of July 15th, there was short interest totalling 873,600 shares, a decline of 16.8% from the June 30th total of 1,050,000 shares. Based on an average trading volume of 645,500 shares, the short-interest ratio is currently 1.4 days.
Orange Price Performance
Orange stock traded up $0.06 during midday trading on Friday, reaching $11.17. 296,477 shares of the stock were exchanged, compared to its average volume of 491,659. Orange has a 52 week low of $9.82 and a 52 week high of $12.41. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.79 and a current ratio of 0.83. The company's fifty day moving average is $10.80 and its 200-day moving average is $11.30.
Orange Increases Dividend
The company also recently declared a semi-annual dividend, which was paid on Friday, June 21st. Stockholders of record on Monday, June 3rd were issued a $0.4523 dividend. The ex-dividend date was Monday, June 3rd. This represents a dividend yield of 5.1%. This is a boost from Orange's previous semi-annual dividend of $0.32.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of Orange in a research report on Wednesday, April 17th. They set an "overweight" rating for the company. New Street Research raised Orange to a "strong-buy" rating in a report on Monday, July 8th. Sanford C. Bernstein assumed coverage on Orange in a research note on Friday, May 24th. They issued an "outperform" rating on the stock. Finally, StockNews.com raised Orange from a "hold" rating to a "buy" rating in a research report on Friday. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $13.08.
Read Our Latest Research Report on Orange
Institutional Investors Weigh In On Orange
Large investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC purchased a new position in Orange in the 1st quarter worth approximately $39,000. CWM LLC grew its position in 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 acquiring an additional 1,244 shares in the last quarter. GAMMA Investing LLC increased its stake in Orange by 118.2% in the first quarter. GAMMA Investing LLC now owns 3,662 shares of the technology company's stock valued at $43,000 after acquiring an additional 1,984 shares during the last quarter. Mather Group LLC. bought a new position in Orange in the second quarter valued at $60,000. Finally, Tucker Asset Management LLC purchased a new stake in Orange during the fourth quarter valued at about $76,000.
About Orange
(Get Free Report)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.
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