Orix Corp Ads (NYSE:IX) Short Interest Down 19.5% in December

Orix Corp Ads (NYSE:IX) saw a large drop in short interest in December. As of December 31st, there was short interest totaling 368,472 shares, a drop of 19.5% from the December 15th total of 457,570 shares. Based on an average daily trading volume, of 151,795 shares, the days-to-cover ratio is currently 2.4 days. Approximately 0.0% of the company’s shares are sold short. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 151,795 shares, the days-to-cover ratio is currently 2.4 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of Orix Corp Ads in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy”.

Hedge Funds Weigh In On Orix Corp Ads

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Net Worth Advisory Group lifted its position in shares of Orix Corp Ads by 3.6% in the fourth quarter. Net Worth Advisory Group now owns 11,136 shares of the real estate investment trust’s stock valued at $325,000 after acquiring an additional 389 shares in the last quarter. Greenleaf Trust raised its holdings in Orix Corp Ads by 1.1% during the third quarter. Greenleaf Trust now owns 37,437 shares of the real estate investment trust’s stock worth $978,000 after purchasing an additional 402 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Orix Corp Ads by 6.8% in the 4th quarter. GAMMA Investing LLC now owns 6,701 shares of the real estate investment trust’s stock valued at $196,000 after purchasing an additional 427 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Orix Corp Ads by 2.8% in the third quarter. Franklin Resources Inc. now owns 16,147 shares of the real estate investment trust’s stock valued at $422,000 after purchasing an additional 445 shares in the last quarter. Finally, Raymond James Financial Inc. raised its holdings in Orix Corp Ads by 2.7% during the second quarter. Raymond James Financial Inc. now owns 17,157 shares of the real estate investment trust’s stock valued at $386,000 after buying an additional 457 shares in the last quarter. 1.73% of the stock is owned by institutional investors and hedge funds.

Orix Corp Ads Stock Up 0.5%

Shares of NYSE:IX traded up $0.16 on Monday, reaching $30.68. The company had a trading volume of 129,791 shares, compared to its average volume of 132,674. The firm has a market capitalization of $34.97 billion, a PE ratio of 11.75, a PEG ratio of 0.94 and a beta of 0.73. The company has a current ratio of 1.81, a quick ratio of 1.77 and a debt-to-equity ratio of 1.31. Orix Corp Ads has a 52-week low of $17.75 and a 52-week high of $30.82. The firm’s 50 day simple moving average is $28.26 and its 200-day simple moving average is $26.08.

Orix Corp Ads (NYSE:IX) last announced its quarterly earnings data on Wednesday, November 12th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.42. The firm had revenue of $5.73 billion during the quarter, compared to analyst estimates of $4.87 billion. Orix Corp Ads had a net margin of 14.53% and a return on equity of 10.30%. As a group, analysts expect that Orix Corp Ads will post 11.31 earnings per share for the current fiscal year.

Orix Corp Ads Company Profile

ORIX Corporation ADS (NYSE: IX) is the American depositary share listing of ORIX Corporation, a diversified financial services group headquartered in Tokyo, Japan. The company operates across multiple business lines that include leasing and lending, real estate, investment and asset management, and a range of retail and corporate financial services. ORIX’s ADS program allows U.S. investors to access ownership in the Tokyo-based group through shares traded on the New York Stock Exchange.

Core activities include equipment leasing and installment financing for corporate customers, corporate lending and structured finance, and real estate development and property management.