ORIX Co. (NYSE:IX) Short Interest Up 5.4% in May

ORIX Co. (NYSE:IX) saw a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 92,100 shares, an increase of 5.4% from the May 15th total of 87,400 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 15,100 shares, the short-interest ratio is currently 6.1 days.

ORIX Price Performance

ORIX stock traded up $0.54 during mid-day trading on Tuesday, reaching $108.05. The company had a trading volume of 13,732 shares, compared to its average volume of 16,201. ORIX has a fifty-two week low of $86.05 and a fifty-two week high of $113.43. The company has a current ratio of 1.79, a quick ratio of 1.75 and a debt-to-equity ratio of 1.40. The company has a market cap of $25.09 billion, a P/E ratio of 10.47 and a beta of 0.90. The business has a fifty day simple moving average of $106.44 and a 200 day simple moving average of $102.10.

ORIX (NYSE:IX) last issued its quarterly earnings results on Wednesday, May 8th. The real estate investment trust reported $3.71 EPS for the quarter. The company had revenue of $5.19 billion for the quarter. ORIX had a net margin of 12.25% and a return on equity of 8.88%. On average, equities research analysts predict that ORIX will post 10.58 earnings per share for the current year.

Hedge Funds Weigh In On ORIX

A number of hedge funds have recently bought and sold shares of IX. BKM Wealth Management LLC bought a new stake in ORIX in the fourth quarter valued at $25,000. Bruce G. Allen Investments LLC bought a new stake in ORIX in the fourth quarter valued at $29,000. Tower Research Capital LLC TRC increased its stake in ORIX by 94.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 410 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 199 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of ORIX by 44.7% during the first quarter. EverSource Wealth Advisors LLC now owns 453 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 140 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its position in shares of ORIX by 573.9% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 465 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 396 shares in the last quarter. Institutional investors own 1.73% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of ORIX from a “hold” rating to a “buy” rating in a report on Thursday, May 16th.

ORIX Company Profile

ORIX Corporation provides diversified financial services in Japan, the United States, Asia, Europe, Australasia, and the Middle East. The company's Corporate Financial Services and Maintenance Leasing segment is involved in the finance and fee; leasing and rental of automobiles, electronic measuring instruments, and ICT-related equipment businesses; and provision of life insurance and environment and energy-related products and services.