Orion Office REIT Inc. (NYSE:ONL) Short Interest Update

Orion Office REIT Inc. (NYSE:ONL) was the recipient of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 925,213 shares, a growth of 37.5% from the January 15th total of 673,061 shares. Currently, 1.7% of the company’s shares are sold short. Based on an average daily volume of 380,605 shares, the short-interest ratio is currently 2.4 days. Based on an average daily volume of 380,605 shares, the short-interest ratio is currently 2.4 days. Currently, 1.7% of the company’s shares are sold short.

Institutional Investors Weigh In On Orion Office REIT

Several hedge funds and other institutional investors have recently modified their holdings of ONL. Parkwood LLC acquired a new position in shares of Orion Office REIT during the second quarter worth approximately $4,132,000. RBF Capital LLC bought a new stake in Orion Office REIT during the 2nd quarter valued at $2,130,000. Jane Street Group LLC raised its holdings in Orion Office REIT by 872.9% during the second quarter. Jane Street Group LLC now owns 832,721 shares of the company’s stock worth $1,774,000 after buying an additional 747,127 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Orion Office REIT by 43.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 983,664 shares of the company’s stock valued at $2,095,000 after buying an additional 299,309 shares in the last quarter. Finally, Susquehanna International Group LLP lifted its stake in shares of Orion Office REIT by 197.6% in the third quarter. Susquehanna International Group LLP now owns 419,053 shares of the company’s stock valued at $1,131,000 after buying an additional 278,244 shares in the last quarter. Institutional investors own 79.95% of the company’s stock.

Wall Street Analysts Forecast Growth

ONL has been the topic of several recent analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Orion Office REIT in a report on Thursday, January 22nd. Wall Street Zen raised Orion Office REIT from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. Finally, Jones Trading raised Orion Office REIT from a “hold” rating to a “buy” rating and set a $3.00 price objective on the stock in a research note on Monday, January 26th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $3.00.

Orion Office REIT Stock Up 4.9%

Shares of ONL stock traded up $0.13 on Monday, reaching $2.66. 352,354 shares of the company were exchanged, compared to its average volume of 333,067. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.37 and a quick ratio of 2.37. The company has a 50-day moving average of $2.25 and a 200-day moving average of $2.47. The company has a market cap of $149.50 million, a price-to-earnings ratio of -1.09 and a beta of 1.40. Orion Office REIT has a one year low of $1.46 and a one year high of $4.25.

About Orion Office REIT

Orion Office REIT is a publicly traded real estate investment trust that acquires, owns and manages a diversified portfolio of Class A office properties across high-growth U.S. markets. The company focuses on suburban and infill locations, targeting properties with strong tenant credit profiles and long-term lease structures. Its business strategy emphasizes active asset management, capital recycling and selective development to enhance income stability and potential total return for shareholders.

Orion Office REIT debuted on the New York Stock Exchange under the ticker ONL following a spin-off from Government Properties Income Trust in June 2021, though many of its core assets trace back to acquisitions made as early as 2013.