Short Interest in Orchid Island Capital Drops By 4.6% (ORC)
Shares of Orchid Island Capital (NYSE:ORC) saw a significant drop in short interest in the month of August. As of August 15th, there was short interest totalling 996,633 shares, a drop of 4.6% from the July 31st total of 1,044,660 shares, Analyst Ratings Net reports. Based on an average trading volume of 289,334 shares, the days-to-cover ratio is presently 3.4 days. Currently, 11.6% of the shares of the stock are short sold.
Orchid Island Capital (NYSE:ORC) opened at 13.86 on Friday. Orchid Island Capital has a 52 week low of $10.02 and a 52 week high of $14.45. The stock has a 50-day moving average of $13.82 and a 200-day moving average of $12.98. The company has a market cap of $135.1 million and a price-to-earnings ratio of 4.93.
Orchid Island Capital (NYSE:ORC) last released its earnings data on Tuesday, July 29th. The company reported $1.17 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.55 by $0.62. Analysts expect that Orchid Island Capital will post $2.95 EPS for the current fiscal year.
The company also recently declared a monthly dividend, which is scheduled for Friday, August 29th. Shareholders of record on Tuesday, August 26th will be given a dividend of $0.18 per share. This represents a $2.16 dividend on an annualized basis and a yield of 15.58%. The ex-dividend date of this dividend is Friday, August 22nd.
Orchid Island Capital, Inc, is a specialty finance company that invests in residential mortgage-backed securities (NYSE:ORC).
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