Orchid Island Capital, Inc. (NYSE:ORC) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totalling 3,748,786 shares, an increase of 66.0% from the July 14th total of 2,257,862 shares. Approximately 9.4% of the company’s stock are short sold. Based on an average daily volume of 1,033,869 shares, the days-to-cover ratio is presently 3.6 days.

A number of research firms have weighed in on ORC. TheStreet cut shares of Orchid Island Capital from a “c” rating to a “d” rating in a research note on Monday, July 31st. BidaskClub cut shares of Orchid Island Capital from a “buy” rating to a “hold” rating in a research note on Friday, July 28th.

In related news, Director W Coleman Bitting bought 2,912 shares of the company’s stock in a transaction on Monday, June 19th. The shares were purchased at an average cost of $10.10 per share, for a total transaction of $29,411.20. Following the completion of the purchase, the director now directly owns 18,650 shares in the company, valued at $188,365. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 0.88% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in ORC. Quantbot Technologies LP bought a new stake in shares of Orchid Island Capital during the second quarter worth approximately $101,000. Sheaff Brock Investment Advisors LLC raised its stake in shares of Orchid Island Capital by 1.8% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 11,398 shares of the real estate investment trust’s stock worth $114,000 after buying an additional 205 shares in the last quarter. TFS Capital LLC bought a new stake in shares of Orchid Island Capital during the first quarter worth approximately $115,000. Bank of America Corp DE raised its stake in shares of Orchid Island Capital by 151.7% in the first quarter. Bank of America Corp DE now owns 13,067 shares of the real estate investment trust’s stock worth $130,000 after buying an additional 7,875 shares in the last quarter. Finally, Stratos Wealth Partners LTD. bought a new stake in shares of Orchid Island Capital during the second quarter worth approximately $134,000. Hedge funds and other institutional investors own 20.57% of the company’s stock.

Orchid Island Capital (ORC) opened at 9.66 on Wednesday. Orchid Island Capital has a 1-year low of $9.18 and a 1-year high of $12.60. The stock’s market capitalization is $437.63 million. The firm has a 50-day moving average of $9.79 and a 200-day moving average of $10.28.

Orchid Island Capital (NYSE:ORC) last announced its quarterly earnings results on Monday, July 31st. The real estate investment trust reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of $0.42 by $0.68. Equities analysts expect that Orchid Island Capital will post $1.09 EPS for the current fiscal year.

The business also recently declared a monthly dividend, which will be paid on Friday, September 8th. Stockholders of record on Thursday, August 31st will be paid a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 17.39%. Orchid Island Capital’s dividend payout ratio is presently -2,799.53%.

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Orchid Island Capital Company Profile

Orchid Island Capital, Inc is a specialty finance company that invests in residential mortgage-backed securities (RMBS). The Company’s business objective is to provide attractive risk-adjusted total returns to its investors over the long term through a combination of capital appreciation and the payment of regular monthly distributions.

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