Orix Corp Ads (NYSE:IX) Short Interest Down 32.7% in August

Key Points

• Short interest fell 32.7% to 564,139 shares as of August 31, representing 0.1% of outstanding shares and 1.6 days of average trading volume.
• Analyst opinions are mixed, with recent upgrades and downgrades leaving Orix with a “Moderate Buy” consensus rating from two analysts.
• IX shares traded at $40.24, near their 52-week high of $42.39. The company reported quarterly earnings of $1.57 per share on $7.06 billion in revenue, while institutional investors own 1.73% of the stock.

Orix Corp Ads (NYSE:IX - Get Free Report) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 564,139 shares, a decline of 32.7% from the August 15th total of 838,207 shares. Based on an average daily volume of 352,721 shares, the short-interest ratio is presently 1.6 days. Currently, 0.1% of the shares of the company are sold short.

Analyst Ratings Changes

IX has been the subject of several recent research reports. Wall Street Zen cut Orix Corp Ads from a "buy" rating to a "hold" rating in a research report on Sunday, June 7th. Weiss Ratings upgraded Orix Corp Ads from a "hold (c+)" rating to a "buy (b)" rating in a research note on Wednesday, August 12th. Finally, Zacks Research lowered Orix Corp Ads from a "strong-buy" rating to a "hold" rating in a report on Monday, July 27th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy".

Orix Corp Ads Price Performance

Shares of IX traded up $0.65 during mid-day trading on Thursday, reaching $40.24. 208,048 shares of the stock traded hands, compared to its average volume of 327,761. The company has a market cap of $44.67 billion, a price-to-earnings ratio of 11.11, a price-to-earnings-growth ratio of 0.79 and a beta of 0.87. Orix Corp Ads has a 1 year low of $24.19 and a 1 year high of $42.39. The firm has a fifty day moving average price of $39.72 and a 200 day moving average price of $36.49. The company has a current ratio of 2.15, a quick ratio of 2.07 and a debt-to-equity ratio of 1.20.

Orix Corp Ads (NYSE:IX - Get Free Report) last announced its earnings results on Tuesday, June 30th. The real estate investment trust reported $1.57 earnings per share for the quarter. The business had revenue of $7.06 billion for the quarter. Orix Corp Ads had a return on equity of 13.11% and a net margin of 18.02%. As a group, equities research analysts predict that Orix Corp Ads will post 5.04 earnings per share for the current year.

Institutional Investors Weigh In On Orix Corp Ads

Several hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE raised its position in shares of Orix Corp Ads by 0.9% during the 1st quarter. Bank of America Corp DE now owns 2,893,892 shares of the real estate investment trust's stock valued at $86,788,000 after buying an additional 25,662 shares in the last quarter. Quantinno Capital Management LP grew its position in Orix Corp Ads by 16.3% in the first quarter. Quantinno Capital Management LP now owns 924,415 shares of the real estate investment trust's stock worth $27,723,000 after acquiring an additional 129,739 shares in the last quarter. O Shaughnessy Asset Management LLC increased its stake in Orix Corp Ads by 4.5% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 248,110 shares of the real estate investment trust's stock valued at $7,250,000 after acquiring an additional 10,627 shares during the last quarter. Gradient Investments LLC increased its stake in Orix Corp Ads by 4.9% in the second quarter. Gradient Investments LLC now owns 165,151 shares of the real estate investment trust's stock valued at $6,282,000 after acquiring an additional 7,697 shares during the last quarter. Finally, Calamos Wealth Management LLC raised its position in Orix Corp Ads by 16.3% during the first quarter. Calamos Wealth Management LLC now owns 163,340 shares of the real estate investment trust's stock valued at $4,899,000 after purchasing an additional 22,938 shares in the last quarter. 1.73% of the stock is currently owned by institutional investors.

About Orix Corp Ads

ORIX Corporation is a diversified financial services and asset-management company headquartered in Tokyo, Japan. Founded in 1964 as Orient Leasing, the company has expanded from its original leasing business into a broad range of financial, investment and operating businesses. Its American depositary shares trade on the New York Stock Exchange under the symbol IX.

ORIX provides corporate financial services, leasing, business investment, insurance, banking and credit services. Its activities also include real estate development and management, private equity and concession investments, aircraft and ship financing, and asset management.

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