Short Interest in Office Properties Income Trust (NASDAQ:OPINL) Increases By 407.5%

Office Properties Income Trust (NASDAQ:OPINL) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 20,300 shares, an increase of 407.5% from the February 28th total of 4,000 shares. Based on an average daily volume of 15,000 shares, the short-interest ratio is currently 1.4 days.

Office Properties Income Trust Price Performance

OPINL stock traded down $0.83 during mid-day trading on Friday, hitting $7.92. 41,837 shares of the company were exchanged, compared to its average volume of 22,125. The firm has a fifty day simple moving average of $10.88 and a 200 day simple moving average of $12.11. Office Properties Income Trust has a twelve month low of $7.54 and a twelve month high of $14.90.

Office Properties Income Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Saturday, February 15th were issued a $0.3984 dividend. This represents a $1.59 annualized dividend and a yield of 20.12%. The ex-dividend date of this dividend was Friday, February 14th.

Office Properties Income Trust Company Profile

OPI is a national REIT focused on owning and leasing high quality office and mixed-use properties in select growth-oriented U.S. markets. As of December 31, 2023, approximately 64% of OPI’s revenues were from investment grade rated tenants. OPI owned 152 properties as of December 31, 2023, with approximately 20.5 million square feet located in 30 states and Washington, DC In 2023, OPI was named as an Energy Star® Partner of the Year for the sixth consecutive year.