Short Interest in Orix Corp Ads (NYSE:IX) Declines By 46.6%

Orix Corp Ads (NYSE:IX) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 262,300 shares, a drop of 46.6% from the September 15th total of 491,100 shares. Based on an average daily trading volume, of 159,400 shares, the short-interest ratio is presently 1.6 days. Based on an average daily trading volume, of 159,400 shares, the short-interest ratio is presently 1.6 days.

Orix Corp Ads Price Performance

Shares of IX opened at $25.26 on Thursday. The stock has a market cap of $28.78 billion, a P/E ratio of 11.55, a price-to-earnings-growth ratio of 0.95 and a beta of 0.90. Orix Corp Ads has a 1 year low of $17.75 and a 1 year high of $27.21. The stock’s 50-day moving average price is $25.96 and its two-hundred day moving average price is $22.96. The company has a current ratio of 1.76, a quick ratio of 1.72 and a debt-to-equity ratio of 1.36.

Orix Corp Ads (NYSE:IX) last announced its quarterly earnings results on Thursday, August 7th. The real estate investment trust reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.11. Orix Corp Ads had a net margin of 12.70% and a return on equity of 9.01%. The business had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $4.96 billion. On average, equities analysts predict that Orix Corp Ads will post 11.31 earnings per share for the current year.

Hedge Funds Weigh In On Orix Corp Ads

Institutional investors have recently modified their holdings of the business. Kathmere Capital Management LLC raised its holdings in shares of Orix Corp Ads by 21.6% during the third quarter. Kathmere Capital Management LLC now owns 25,301 shares of the real estate investment trust’s stock worth $661,000 after acquiring an additional 4,494 shares during the period. Greenleaf Trust increased its holdings in Orix Corp Ads by 1.1% during the 3rd 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. Global Retirement Partners LLC raised its stake in shares of Orix Corp Ads by 58.2% in the 3rd quarter. Global Retirement Partners LLC now owns 1,444 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 531 shares during the period. PDS Planning Inc lifted its holdings in shares of Orix Corp Ads by 6.2% in the third quarter. PDS Planning Inc now owns 11,287 shares of the real estate investment trust’s stock valued at $295,000 after purchasing an additional 663 shares in the last quarter. Finally, Ethic Inc. boosted its position in shares of Orix Corp Ads by 16.1% during the third quarter. Ethic Inc. now owns 13,679 shares of the real estate investment trust’s stock worth $357,000 after buying an additional 1,896 shares during the period. Institutional investors own 1.73% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Wall Street Zen lowered Orix Corp Ads from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Orix Corp Ads in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

About Orix Corp Ads

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.