Short Interest in Office Properties Income Trust (NASDAQ:OPI) Rises By 30.6%

Key Points

• Short interest in Office Properties Income Trust (NASDAQ: OPI) increased by 30.6% in August, reaching a total of 4,990,000 shares, with 6.9% of shares currently short sold.
• Office Properties Income Trust reported earnings per share of $0.13 for the last quarter, significantly exceeding the consensus estimate of ($0.51) by $0.64.
• The stock has seen a drastic price fluctuation, with a 52-week low of $0.18 and a high of $2.44, while currently trading at $0.57.

Office Properties Income Trust (NASDAQ:OPI - Get Free Report) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 4,990,000 shares, a growth of 30.6% from the August 15th total of 3,820,000 shares. Currently, 6.9% of the shares of the stock are short sold. Based on an average daily volume of 910,100 shares, the days-to-cover ratio is presently 5.5 days. Based on an average daily volume of 910,100 shares, the days-to-cover ratio is presently 5.5 days. Currently, 6.9% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Office Properties Income Trust to a "sell" rating in a research note on Saturday, September 13th.

Hedge Funds Weigh In On Office Properties Income Trust

Hedge funds and other institutional investors have recently modified their holdings of the stock. Delphi Financial Group Inc. acquired a new position in shares of Office Properties Income Trust in the second quarter worth about $346,000. Jane Street Group LLC boosted its position in shares of Office Properties Income Trust by 290.4% in the second quarter. Jane Street Group LLC now owns 688,815 shares of the company's stock worth $170,000 after buying an additional 512,368 shares during the period. Aristeia Capital L.L.C. boosted its position in Office Properties Income Trust by 130.6% during the 1st quarter. Aristeia Capital L.L.C. now owns 360,014 shares of the company's stock worth $164,000 after acquiring an additional 203,898 shares during the period. Two Sigma Investments LP boosted its position in Office Properties Income Trust by 39.3% during the 4th quarter. Two Sigma Investments LP now owns 307,900 shares of the company's stock worth $308,000 after acquiring an additional 86,826 shares during the period. Finally, Savvy Advisors Inc. acquired a new stake in Office Properties Income Trust during the 2nd quarter worth about $31,000. Institutional investors and hedge funds own 64.41% of the company's stock.

Office Properties Income Trust Price Performance

OPI stock traded down $0.06 on Friday, hitting $0.39. 11,412,450 shares of the company's stock traded hands, compared to its average volume of 32,707,828. Office Properties Income Trust has a 1-year low of $0.18 and a 1-year high of $2.30. The stock has a market cap of $28.85 million, a price-to-earnings ratio of -0.08 and a beta of 1.61. The stock has a fifty day moving average of $0.28 and a 200-day moving average of $0.33. The company has a current ratio of 2.33, a quick ratio of 2.33 and a debt-to-equity ratio of 2.22.

Office Properties Income Trust (NASDAQ:OPI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of ($0.51) by $0.64. Office Properties Income Trust had a negative return on equity of 25.56% and a negative net margin of 62.99%.The company had revenue of $114.50 million during the quarter, compared to the consensus estimate of $110.44 million.

About Office Properties Income Trust

Office Properties Income Trust is a real estate investment trust. It owns, operates, and leases office buildings to single tenants and multi-tenant buildings. The company was founded on February 17, 2009 and is headquartered in Newton, MA.