Orchid Island Capital, Inc. (NYSE:ORC) Short Interest Update

Orchid Island Capital, Inc. (NYSE:ORC - Get Free Report) saw a significant decline in short interest in April. As of April 15th, there was short interest totalling 3,000,000 shares, a decline of 21.3% from the March 31st total of 3,810,000 shares. Based on an average daily trading volume, of 1,160,000 shares, the short-interest ratio is presently 2.6 days. Currently, 5.7% of the company's stock are sold short.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ORC. StockNews.com raised shares of Orchid Island Capital to a "sell" rating in a research note on Friday, February 9th. JMP Securities reissued a "market perform" rating on shares of Orchid Island Capital in a research note on Thursday, April 18th.

Hedge Funds Weigh In On Orchid Island Capital

Several institutional investors and hedge funds have recently bought and sold shares of the company. Wolverine Asset Management LLC grew its stake in Orchid Island Capital by 299.7% during the 3rd quarter. Wolverine Asset Management LLC now owns 914,125 shares of the real estate investment trust's stock valued at $7,779,000 after acquiring an additional 685,424 shares in the last quarter. Hudson Bay Capital Management LP purchased a new stake in Orchid Island Capital during the 3rd quarter valued at about $4,648,000. Invesco Ltd. grew its stake in Orchid Island Capital by 33.6% during the 3rd quarter. Invesco Ltd. now owns 2,073,998 shares of the real estate investment trust's stock valued at $17,650,000 after acquiring an additional 521,401 shares in the last quarter. EMG Holdings L.P. purchased a new stake in Orchid Island Capital during the 4th quarter valued at about $4,364,000. Finally, CastleKnight Management LP purchased a new stake in Orchid Island Capital during the 4th quarter valued at about $1,791,000. 32.74% of the stock is owned by hedge funds and other institutional investors.

Orchid Island Capital Price Performance

NYSE ORC traded up $0.33 on Friday, hitting $8.72. The stock had a trading volume of 2,125,554 shares, compared to its average volume of 959,826. The business's fifty day moving average price is $8.58 and its 200 day moving average price is $8.07. Orchid Island Capital has a 52-week low of $5.90 and a 52-week high of $11.27. The stock has a market cap of $447.34 million, a price-to-earnings ratio of -16.45 and a beta of 1.83.

Orchid Island Capital Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Tuesday, April 30th will be issued a $0.12 dividend. This represents a $1.44 annualized dividend and a yield of 16.51%. The ex-dividend date of this dividend is Monday, April 29th. Orchid Island Capital's dividend payout ratio is currently -271.70%.

Orchid Island Capital Company Profile

Orchid Island Capital, Inc, a specialty finance company, invests in residential mortgage-backed securities (RMBS) in the United States. The company's RMBS is backed by single-family residential mortgage loans, referred as Agency RMBS. Its portfolio includes traditional pass-through Agency RMBS, such as mortgage pass through certificates and collateralized mortgage obligations; and structured Agency RMBS comprising interest only securities, inverse interest only securities, and principal only securities.