Orion Office REIT Inc. (NYSE:ONL) Short Interest Up 37.5% in January

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

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Orion Office REIT

Hedge funds have recently bought and sold shares of the company. Gabelli Funds LLC bought a new stake in Orion Office REIT during the 2nd quarter valued at about $26,000. PNC Financial Services Group Inc. lifted its stake in shares of Orion Office REIT by 72.1% in the second quarter. PNC Financial Services Group Inc. now owns 13,703 shares of the company’s stock worth $29,000 after buying an additional 5,741 shares in the last quarter. Evoke Wealth LLC purchased a new stake in shares of Orion Office REIT during the fourth quarter valued at approximately $30,000. AXQ Capital LP bought a new stake in shares of Orion Office REIT during the fourth quarter valued at approximately $30,000. Finally, Hudson Bay Capital Management LP bought a new stake in shares of Orion Office REIT during the second quarter valued at approximately $30,000. Institutional investors own 79.95% of the company’s stock.

Orion Office REIT Stock Up 4.9%

ONL stock traded up $0.13 on Friday, reaching $2.66. 352,354 shares of the company traded hands, compared to its average volume of 328,226. The firm has a fifty day simple moving average of $2.24 and a 200-day simple moving average of $2.47. The company has a market cap of $149.52 million, a P/E 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. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.37 and a quick ratio of 2.37.

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.