Short Interest in Orion Office REIT Inc. (NYSE:ONL) Rises By 23.2%

Orion Office REIT Inc. (NYSE:ONL - Get Free Report) was the recipient of a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 2,340,000 shares, an increase of 23.2% from the May 15th total of 1,900,000 shares. Based on an average daily volume of 686,300 shares, the short-interest ratio is presently 3.4 days. Approximately 4.3% of the shares of the stock are short sold.

Orion Office REIT Price Performance

NYSE:ONL traded up $0.13 during trading hours on Friday, hitting $2.04. The stock had a trading volume of 1,445,145 shares, compared to its average volume of 441,876. The company has a 50 day simple moving average of $1.88 and a two-hundred day simple moving average of $2.88. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.86 and a quick ratio of 0.86. Orion Office REIT has a one year low of $1.46 and a one year high of $4.39. The firm has a market capitalization of $114.35 million, a price-to-earnings ratio of -1.32 and a beta of 1.35.

Orion Office REIT (NYSE:ONL - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.19 EPS for the quarter. Orion Office REIT had a negative net margin of 55.34% and a negative return on equity of 10.97%. The firm had revenue of $38.00 million during the quarter.

Orion Office REIT Announces Dividend

The company also recently declared a dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be issued a $0.02 dividend. This represents a yield of 3.96%. The ex-dividend date of this dividend is Monday, June 30th. Orion Office REIT's payout ratio is -5.19%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Private Management Group Inc. lifted its holdings in shares of Orion Office REIT by 22.0% during the 1st quarter. Private Management Group Inc. now owns 5,200,121 shares of the company's stock worth $11,128,000 after acquiring an additional 939,129 shares during the last quarter. Kawa Capital Management Inc bought a new stake in shares of Orion Office REIT during the 1st quarter worth $5,180,000. Geode Capital Management LLC lifted its holdings in shares of Orion Office REIT by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 1,563,825 shares of the company's stock worth $5,803,000 after acquiring an additional 51,682 shares during the last quarter. Segall Bryant & Hamill LLC bought a new stake in shares of Orion Office REIT during the 1st quarter worth $1,304,000. Finally, D. E. Shaw & Co. Inc. lifted its holdings in shares of Orion Office REIT by 2.3% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 561,840 shares of the company's stock worth $2,084,000 after acquiring an additional 12,538 shares during the last quarter. 79.95% of the stock is owned by institutional investors.

About Orion Office REIT

Orion Office REIT specializes in the ownership, acquisition and management of a diversified portfolio of mission-critical and corporate headquarters office buildings in high-quality suburban markets across the U.S. The portfolio is leased primarily on a single-tenant net lease basis to creditworthy tenants.