Orion Office REIT Inc. (NYSE:ONL) Short Interest Up 23.2% in May

Orion Office REIT Inc. (NYSE:ONL) was the recipient of a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 2,340,000 shares, a growth 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 currently 3.4 days. Approximately 4.3% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Rhumbline Advisers raised its position in shares of Orion Office REIT by 4.7% during the fourth quarter. Rhumbline Advisers now owns 99,675 shares of the company’s stock valued at $370,000 after buying an additional 4,462 shares during the last quarter. Allworth Financial LP increased its holdings in Orion Office REIT by 1,215.5% in the 4th quarter. Allworth Financial LP now owns 7,564 shares of the company’s stock valued at $30,000 after acquiring an additional 6,989 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Orion Office REIT by 9.0% in the 4th quarter. Bank of New York Mellon Corp now owns 258,921 shares of the company’s stock valued at $961,000 after acquiring an additional 21,448 shares during the last quarter. Proficio Capital Partners LLC lifted its stake in Orion Office REIT by 77.2% in the 4th quarter. Proficio Capital Partners LLC now owns 34,424 shares of the company’s stock worth $128,000 after purchasing an additional 14,992 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Orion Office REIT during the 4th quarter valued at about $1,109,000. 79.95% of the stock is owned by hedge funds and other institutional investors.

Orion Office REIT Trading Down 3.8%

Shares of Orion Office REIT stock opened at $1.90 on Friday. Orion Office REIT has a fifty-two week low of $1.46 and a fifty-two week high of $4.39. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market capitalization of $106.48 million, a P/E ratio of -1.23 and a beta of 1.35. The company has a fifty day moving average of $1.87 and a 200 day moving average of $2.89.

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

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.