Orion Group Holdings, Inc. (NYSE:ORN) Short Interest Down 27.6% in November

Orion Group Holdings, Inc. (NYSE:ORN) was the recipient of a significant decrease in short interest in November. As of November 15th, there was short interest totalling 1,100,000 shares, a decrease of 27.6% from the October 31st total of 1,520,000 shares. Based on an average daily trading volume, of 479,000 shares, the days-to-cover ratio is presently 2.3 days.

Orion Group Stock Performance

Shares of NYSE ORN traded down $0.05 during mid-day trading on Friday, hitting $8.72. The company had a trading volume of 164,252 shares, compared to its average volume of 506,739. Orion Group has a 12 month low of $4.09 and a 12 month high of $12.12. The stock has a market cap of $339.21 million, a price-to-earnings ratio of -21.80, a PEG ratio of 3.67 and a beta of 0.80. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.35 and a quick ratio of 1.33. The firm’s 50 day simple moving average is $6.71 and its two-hundred day simple moving average is $7.89.

Insider Buying and Selling at Orion Group

In other Orion Group news, EVP Edward Chipman Earle bought 15,633 shares of the company’s stock in a transaction on Friday, September 13th. The shares were bought at an average cost of $6.05 per share, with a total value of $94,579.65. Following the completion of the acquisition, the executive vice president now owns 86,235 shares of the company’s stock, valued at approximately $521,721.75. This trade represents a 22.14 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Orion Group

Hedge funds have recently added to or reduced their stakes in the stock. Portolan Capital Management LLC grew its position in shares of Orion Group by 56.6% during the third quarter. Portolan Capital Management LLC now owns 1,985,355 shares of the construction company’s stock worth $11,455,000 after acquiring an additional 717,533 shares during the last quarter. Wellington Management Group LLP acquired a new position in Orion Group during the 3rd quarter valued at about $2,318,000. American Century Companies Inc. grew its position in Orion Group by 311.9% in the 2nd quarter. American Century Companies Inc. now owns 453,461 shares of the construction company’s stock worth $4,312,000 after purchasing an additional 343,368 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of Orion Group in the third quarter valued at approximately $1,873,000. Finally, Royce & Associates LP raised its holdings in shares of Orion Group by 12.9% during the third quarter. Royce & Associates LP now owns 1,749,785 shares of the construction company’s stock valued at $10,096,000 after buying an additional 200,420 shares during the last quarter. 70.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Orion Group from a “hold” rating to a “buy” rating in a research report on Friday, November 1st.

About Orion Group

Orion Group Holdings, Inc operates as a specialty construction company in the building, industrial, and infrastructure sectors in the United States, Alaska, Hawaii, Canada, and the Caribbean Basin. It operates in two segments, Marine and Concrete. The company provides marine construction services, including construction, restoration, dredging, maintenance, and repair of marine transportation facilities and pipelines, bridges and causeways, and marine environmental structures.