ORIX Co. (NYSE:IX) Sees Large Growth in Short Interest

ORIX Co. (NYSE:IX) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totalling 143,000 shares, an increase of 17.7% from the June 30th total of 121,500 shares. Based on an average daily volume of 13,600 shares, the days-to-cover ratio is currently 10.5 days. Currently, 0.1% of the shares of the stock are sold short.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its stake in shares of ORIX by 94.3% during 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 buying an additional 199 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake 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 valued at $46,000 after buying an additional 140 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake 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 valued at $51,000 after buying an additional 396 shares during the last quarter. Blue Trust Inc. grew its stake in shares of ORIX by 107.8% during the fourth quarter. Blue Trust Inc. now owns 613 shares of the real estate investment trust’s stock valued at $57,000 after buying an additional 318 shares during the last quarter. Finally, GAMMA Investing LLC bought a new position in shares of ORIX during the fourth quarter valued at about $63,000. Institutional investors own 1.73% of the company’s stock.

ORIX Stock Up 1.0 %

IX opened at $116.79 on Wednesday. The stock has a market cap of $27.12 billion, a PE ratio of 11.37 and a beta of 0.90. The company has a quick ratio of 1.75, a current ratio of 1.79 and a debt-to-equity ratio of 1.40. ORIX has a 52 week low of $86.05 and a 52 week high of $119.69. The business’s fifty day simple moving average is $111.78 and its 200 day simple moving average is $106.57.

ORIX (NYSE:IX) last released its earnings results on Wednesday, May 8th. The real estate investment trust reported $3.71 EPS for the quarter. The business had revenue of $5.19 billion for the quarter. ORIX had a return on equity of 8.88% and a net margin of 12.25%. As a group, research analysts expect that ORIX will post 10.71 earnings per share for the current fiscal year.

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.