ORIX Co. (NYSE:IX) Sees Large Increase in Short Interest

ORIX Co. (NYSE:IX) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 96,200 shares, a growth of 5.0% from the September 30th total of 91,600 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 19,300 shares, the short-interest ratio is presently 5.0 days.

Institutional Trading of ORIX

Hedge funds have recently made changes to their positions in the stock. Truist Financial Corp increased its stake in ORIX by 4.7% during the 2nd quarter. Truist Financial Corp now owns 1,915 shares of the real estate investment trust’s stock valued at $213,000 after purchasing an additional 86 shares in the last quarter. CWM LLC increased its position in shares of ORIX by 10.8% during the second quarter. CWM LLC now owns 956 shares of the real estate investment trust’s stock valued at $106,000 after acquiring an additional 93 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in ORIX by 44.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 453 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 140 shares during the last quarter. PDS Planning Inc lifted its position in ORIX by 7.0% in the 3rd quarter. PDS Planning Inc now owns 2,229 shares of the real estate investment trust’s stock valued at $259,000 after acquiring an additional 146 shares in the last quarter. Finally, Aaron Wealth Advisors LLC boosted its stake in ORIX by 5.2% during the 2nd quarter. Aaron Wealth Advisors LLC now owns 3,660 shares of the real estate investment trust’s stock valued at $407,000 after purchasing an additional 180 shares during the last quarter. 1.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com downgraded ORIX from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th.

ORIX Stock Performance

Shares of ORIX stock opened at $106.29 on Friday. ORIX has a 12 month low of $86.05 and a 12 month high of $125.84. The firm has a market capitalization of $24.68 billion, a P/E ratio of 9.92, a P/E/G ratio of 0.88 and a beta of 0.90. The company has a current ratio of 1.81, a quick ratio of 1.77 and a debt-to-equity ratio of 1.38. The business has a fifty day simple moving average of $115.70 and a two-hundred day simple moving average of $112.30.

ORIX (NYSE:IX) last issued its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $2.41 earnings per share (EPS) for the quarter. The company had revenue of $4.54 billion during the quarter. ORIX had a net margin of 13.01% and a return on equity of 9.29%. On average, equities analysts forecast that ORIX will post 11.59 earnings per share for the current fiscal year.

About ORIX

ORIX Corporation provides diversified financial services in Japan, the United States, Asia, Europe, Australasia, and the Middle East. The company's Corporate Financial Services and Maintenance Leasing segment is involved in the finance and fee; leasing and rental of automobiles, electronic measuring instruments, and ICT-related equipment businesses; and provision of life insurance and environment and energy-related products and services.