Short Interest in Orix Corp Ads (NYSE:IX) Expands By 36.1%

Orix Corp Ads (NYSE:IX) saw a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 561,643 shares, an increase of 36.1% from the January 15th total of 412,551 shares. Based on an average daily volume of 186,493 shares, the days-to-cover ratio is currently 3.0 days. Currently, 0.0% of the company’s stock are short sold. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 186,493 shares, the days-to-cover ratio is currently 3.0 days.

Orix Corp Ads Stock Down 0.8%

NYSE IX traded down $0.28 during trading on Friday, hitting $36.32. 593,306 shares of the company traded hands, compared to its average volume of 218,535. Orix Corp Ads has a 12 month low of $17.75 and a 12 month high of $37.04. The business has a fifty day simple moving average of $30.41 and a 200 day simple moving average of $27.35. The company has a market capitalization of $41.40 billion, a P/E ratio of 13.02, a PEG ratio of 0.88 and a beta of 0.74. The company has a current ratio of 1.82, a quick ratio of 1.77 and a debt-to-equity ratio of 1.29.

Orix Corp Ads (NYSE:IX) last issued its quarterly earnings data on Monday, February 9th. The real estate investment trust reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.18. The business had revenue of $4.78 billion for the quarter, compared to the consensus estimate of $4.38 billion. Orix Corp Ads had a return on equity of 10.69% and a net margin of 15.04%. As a group, sell-side analysts predict that Orix Corp Ads will post 11.31 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of IX. Soundwatch Capital LLC bought a new stake in Orix Corp Ads during the second quarter valued at about $25,000. V Square Quantitative Management LLC acquired a new position in shares of Orix Corp Ads during the 4th quarter worth about $34,000. AlphaCore Capital LLC bought a new stake in Orix Corp Ads during the 2nd quarter valued at approximately $27,000. Kestra Advisory Services LLC bought a new stake in Orix Corp Ads during the 4th quarter valued at approximately $35,000. Finally, Global Retirement Partners LLC grew its holdings in Orix Corp Ads by 58.2% in the 3rd quarter. Global Retirement Partners LLC now owns 1,444 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 531 shares during the last quarter. 1.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

IX has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Orix Corp Ads in a report on Monday, December 29th. Wall Street Zen downgraded shares of Orix Corp Ads from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy”.

About Orix Corp Ads

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.