Orix Corp Ads (NYSE:IX) Short Interest Update

Orix Corp Ads (NYSE:IX) was the recipient of a large drop in short interest in the month of March. As of March 31st, there was short interest totaling 644,474 shares, a drop of 14.8% from the March 15th total of 756,273 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 462,757 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Quantinno Capital Management LP increased its stake in Orix Corp Ads by 88.2% in the second quarter. Quantinno Capital Management LP now owns 481,327 shares of the real estate investment trust’s stock valued at $10,839,000 after acquiring an additional 225,580 shares during the period. Millennium Management LLC increased its stake in Orix Corp Ads by 3,021.1% in the first quarter. Millennium Management LLC now owns 203,967 shares of the real estate investment trust’s stock valued at $4,261,000 after acquiring an additional 197,432 shares during the period. Calamos Wealth Management LLC bought a new stake in Orix Corp Ads in the fourth quarter valued at about $4,103,000. Todd Asset Management LLC increased its stake in Orix Corp Ads by 6.1% in the third quarter. Todd Asset Management LLC now owns 1,847,014 shares of the real estate investment trust’s stock valued at $48,244,000 after acquiring an additional 105,837 shares during the period. Finally, Bank of America Corp DE increased its stake in Orix Corp Ads by 4.4% in the second quarter. Bank of America Corp DE now owns 2,353,948 shares of the real estate investment trust’s stock valued at $53,011,000 after acquiring an additional 99,516 shares during the period. Institutional investors own 1.73% of the company’s stock.

Analysts Set New Price Targets

IX has been the topic of several recent analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Orix Corp Ads in a report on Monday, December 29th. Wall Street Zen downgraded shares of Orix Corp Ads from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Orix Corp Ads Stock Performance

IX traded up $0.54 during trading on Friday, hitting $32.28. The stock had a trading volume of 232,267 shares, compared to its average volume of 385,378. The firm has a market cap of $35.83 billion, a PE ratio of 11.57, a P/E/G ratio of 0.73 and a beta of 0.79. Orix Corp Ads has a 12 month low of $19.32 and a 12 month high of $37.04. The company has a current ratio of 1.82, a quick ratio of 1.77 and a debt-to-equity ratio of 1.29. The company has a 50 day simple moving average of $32.24 and a 200-day simple moving average of $29.20.

Orix Corp Ads (NYSE:IX) last announced its earnings results on Monday, February 9th. The real estate investment trust reported $0.69 EPS for the quarter, topping the consensus estimate of $0.51 by $0.18. Orix Corp Ads had a net margin of 15.04% and a return on equity of 10.69%. The firm had revenue of $5.72 billion for the quarter, compared to the consensus estimate of $4.38 billion. Analysts expect that Orix Corp Ads will post 11.31 EPS for the current 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.