ORIX Co. (NYSE:IX) Short Interest Update

ORIX Co. (NYSE:IX - Get Free Report) was the recipient of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 71,800 shares, a decrease of 8.8% from the February 29th total of 78,700 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 17,100 shares, the short-interest ratio is currently 4.2 days.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of ORIX from a "buy" rating to a "hold" rating in a report on Monday, March 25th.

ORIX Stock Up 0.2 %

Shares of IX stock traded up $0.26 on Tuesday, reaching $105.19. 13,202 shares of the stock were exchanged, compared to its average volume of 17,671. The company has a current ratio of 1.79, a quick ratio of 1.75 and a debt-to-equity ratio of 1.40. The business's 50 day moving average price is $103.64 and its 200 day moving average price is $96.41. The company has a market capitalization of $24.43 billion, a price-to-earnings ratio of 12.30, a PEG ratio of 0.98 and a beta of 0.85. ORIX has a twelve month low of $81.05 and a twelve month high of $113.43.

ORIX (NYSE:IX - Get Free Report) last issued its earnings results on Wednesday, February 7th. The real estate investment trust reported $2.66 EPS for the quarter. ORIX had a net margin of 10.31% and a return on equity of 7.60%. The firm had revenue of $4.59 billion during the quarter. As a group, sell-side analysts expect that ORIX will post 8.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ORIX

A number of institutional investors and hedge funds have recently bought and sold shares of IX. BKM Wealth Management LLC purchased a new stake in shares of ORIX in the fourth quarter valued at about $25,000. Bruce G. Allen Investments LLC purchased a new stake in shares of ORIX in the fourth quarter valued at about $29,000. Tower Research Capital LLC TRC raised its holdings in shares of ORIX by 94.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 410 shares of the real estate investment trust's stock valued at $38,000 after buying an additional 199 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of ORIX by 107.8% in the fourth quarter. Blue Trust Inc. now owns 613 shares of the real estate investment trust's stock valued at $57,000 after buying an additional 318 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of ORIX in the first quarter valued at about $60,000. 1.73% of the stock is owned by hedge funds and other institutional investors.

About ORIX

ORIX Corporation provides diversified financial services in Japan, the United States, Asia, Europe, Australasia, and the Middle East. The company's Corporate Financial Services and Maintenance Leasing segment is involved in the finance and fee; leasing and rental of automobiles, electronic measuring instruments, and ICT-related equipment businesses; and provision of life insurance and environment and energy-related products and services.