Orix Corp Ads (NYSE:IX) Short Interest Down 19.5% in December

Orix Corp Ads (NYSE:IX) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totaling 368,472 shares, a drop of 19.5% from the December 15th total of 457,570 shares. Based on an average daily trading volume, of 151,795 shares, the days-to-cover ratio is presently 2.4 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 151,795 shares, the days-to-cover ratio is presently 2.4 days.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Orix Corp Ads in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Institutional Trading of Orix Corp Ads

Several institutional investors have recently bought and sold shares of the stock. Quantinno Capital Management LP boosted its position in Orix Corp Ads by 88.2% in the second quarter. Quantinno Capital Management LP now owns 481,327 shares of the real estate investment trust’s stock valued at $10,839,000 after buying an additional 225,580 shares in the last quarter. Millennium Management LLC raised its stake in shares of Orix Corp Ads by 3,021.1% in the first quarter. Millennium Management LLC now owns 203,967 shares of the real estate investment trust’s stock valued at $4,261,000 after acquiring an additional 197,432 shares during the last quarter. Todd Asset Management LLC boosted its holdings in shares of Orix Corp Ads by 6.1% in the 3rd quarter. Todd Asset Management LLC now owns 1,847,014 shares of the real estate investment trust’s stock worth $48,244,000 after acquiring an additional 105,837 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Orix Corp Ads by 4.4% in the 2nd quarter. Bank of America Corp DE now owns 2,353,948 shares of the real estate investment trust’s stock worth $53,011,000 after acquiring an additional 99,516 shares in the last quarter. Finally, American Century Companies Inc. grew its position in Orix Corp Ads by 17.6% during the 3rd quarter. American Century Companies Inc. now owns 639,305 shares of the real estate investment trust’s stock worth $16,699,000 after acquiring an additional 95,796 shares during the last quarter. Institutional investors and hedge funds own 1.73% of the company’s stock.

Orix Corp Ads Price Performance

Shares of Orix Corp Ads stock opened at $30.33 on Wednesday. The firm has a market cap of $34.57 billion, a P/E ratio of 11.61, a price-to-earnings-growth ratio of 0.94 and a beta of 0.73. The firm’s 50-day simple moving average is $28.46 and its 200-day simple moving average is $26.18. Orix Corp Ads has a twelve month low of $17.75 and a twelve month high of $30.82. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.77 and a current ratio of 1.81.

Orix Corp Ads (NYSE:IX) last announced its quarterly earnings results on Wednesday, November 12th. The real estate investment trust reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.42. The firm had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $4.87 billion. Orix Corp Ads had a net margin of 14.53% and a return on equity of 10.30%. As a group, research analysts expect that Orix Corp Ads will post 11.31 EPS for the current fiscal year.

Orix Corp Ads Company Profile

ORIX Corporation ADS (NYSE: IX) is the American depositary share listing of ORIX Corporation, a diversified financial services group headquartered in Tokyo, Japan. The company operates across multiple business lines that include leasing and lending, real estate, investment and asset management, and a range of retail and corporate financial services. ORIX’s ADS program allows U.S. investors to access ownership in the Tokyo-based group through shares traded on the New York Stock Exchange.

Core activities include equipment leasing and installment financing for corporate customers, corporate lending and structured finance, and real estate development and property management.