Orchid Island Capital, Inc. (NYSE:ORC) Short Interest Up 42.3% in May

Orchid Island Capital, Inc. (NYSE:ORC - Get Free Report) was the recipient of a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 6,430,000 shares, a growth of 42.3% from the May 15th total of 4,520,000 shares. Approximately 6.9% of the shares of the company are short sold. Based on an average daily trading volume, of 3,990,000 shares, the days-to-cover ratio is presently 1.6 days.

Orchid Island Capital Price Performance

ORC traded down $0.02 during trading on Monday, reaching $7.03. 3,056,380 shares of the company's stock were exchanged, compared to its average volume of 2,711,584. Orchid Island Capital has a 1 year low of $5.69 and a 1 year high of $9.01. The company's fifty day simple moving average is $6.91 and its 200-day simple moving average is $7.64. The stock has a market capitalization of $851.51 million, a P/E ratio of 11.71 and a beta of 1.49.

Orchid Island Capital (NYSE:ORC - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.02). The firm had revenue of $19.71 million for the quarter, compared to analysts' expectations of $11.96 million. Equities analysts forecast that Orchid Island Capital will post 0.37 EPS for the current year.

Orchid Island Capital Announces Dividend

The business also recently declared a jun 25 dividend, which will be paid on Wednesday, July 30th. Shareholders of record on Monday, June 30th will be given a dividend of $0.12 per share. This represents a yield of 20.5%. The ex-dividend date is Monday, June 30th. Orchid Island Capital's dividend payout ratio is currently 360.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Wall Street Zen upgraded Orchid Island Capital from a "sell" rating to a "hold" rating in a research note on Friday, May 16th. Jones Trading restated a "hold" rating on shares of Orchid Island Capital in a research note on Wednesday, April 30th.

Hedge Funds Weigh In On Orchid Island Capital

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Orchid Island Capital by 26.0% during the first quarter. Vanguard Group Inc. now owns 5,341,095 shares of the real estate investment trust's stock worth $40,165,000 after acquiring an additional 1,102,315 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Orchid Island Capital by 537.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,585,508 shares of the real estate investment trust's stock worth $26,963,000 after purchasing an additional 3,023,062 shares in the last quarter. Invesco Ltd. boosted its position in Orchid Island Capital by 3,379.3% in the 4th quarter. Invesco Ltd. now owns 2,354,065 shares of the real estate investment trust's stock worth $18,315,000 after purchasing an additional 2,286,405 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Orchid Island Capital by 10.7% during the 4th quarter. Geode Capital Management LLC now owns 1,827,479 shares of the real estate investment trust's stock worth $14,221,000 after purchasing an additional 177,357 shares during the period. Finally, Millennium Management LLC increased its holdings in shares of Orchid Island Capital by 234.9% during the 1st quarter. Millennium Management LLC now owns 1,036,387 shares of the real estate investment trust's stock valued at $7,794,000 after purchasing an additional 726,907 shares in the last quarter. Hedge funds and other institutional investors own 32.74% of the company's stock.

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.

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