Office Properties Income Trust (NASDAQ:OPI) Short Interest Up 1,743.2% in July

Office Properties Income Trust (NASDAQ:OPI) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 145,099 shares, a growth of 1,743.2% from the June 30th total of 7,872 shares. Based on an average daily trading volume, of 786,836 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on OPI shares. Odeon Capital Group began coverage on Office Properties Income Trust in a research report on Tuesday, July 7th. They set a “buy” rating and a $27.00 target price on the stock. Wall Street Zen upgraded shares of Office Properties Income Trust to a “hold” rating in a report on Sunday, July 12th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $27.00.

Office Properties Income Trust Trading Up 1.7%

Office Properties Income Trust stock traded up $0.31 during trading on Friday, hitting $18.37. 18,320 shares of the company were exchanged, compared to its average volume of 796,562. The company has a market capitalization of $1.36 billion, a P/E ratio of -3.75 and a beta of 1.71. Office Properties Income Trust has a 52 week low of $15.14 and a 52 week high of $27.80. The company has a current ratio of 2.33, a quick ratio of 2.33 and a debt-to-equity ratio of 2.22.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Office Properties Income Trust stock. Jane Street Group LLC boosted its position in Office Properties Income Trust (NASDAQ:OPI) by 290.4% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 688,815 shares of the company’s stock after purchasing an additional 512,368 shares during the period. Jane Street Group LLC owned about 0.93% of Office Properties Income Trust worth $170,000 as of its most recent SEC filing. 64.41% of the stock is currently owned by hedge funds and other institutional investors.

Office Properties Income Trust Company Profile

Office Properties Income Trust (NASDAQ: OPI) is a real estate investment trust formed to acquire, own and manage single-tenant, net-leased office properties across the United States. Organized as a Maryland REIT, the company completed its initial public offering in 2020 and trades on the NASDAQ under the ticker “OPI.” Its investment strategy centers on free-standing office buildings leased on long-term, triple-net leases to creditworthy tenants, offering predictable cash flows and limited operational exposure.

The trust’s core activities include sourcing and underwriting acquisitions, overseeing property management and structuring lease agreements that transfer most property expenses to tenants.