Short Interest in Orix Corp Ads (NYSE:IX) Decreases By 32.7%

Orix Corp Ads (NYSE:IX) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 564,139 shares, a decline of 32.7% from the August 15th total of 838,207 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 352,721 shares, the days-to-cover ratio is presently 1.6 days.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Wall Street Zen cut Orix Corp Ads from a “buy” rating to a “hold” rating in a report on Sunday, June 7th. Weiss Ratings raised Orix Corp Ads from a “hold (c+)” rating to a “buy (b)” rating in a research note on Wednesday, August 12th. Finally, Zacks Research cut Orix Corp Ads from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Orix Corp Ads currently has an average rating of “Moderate Buy”.

Institutional Trading of Orix Corp Ads

Several large investors have recently added to or reduced their stakes in IX. Bank of America Corp DE boosted its position in shares of Orix Corp Ads by 0.9% in the first quarter. Bank of America Corp DE now owns 2,893,892 shares of the real estate investment trust’s stock worth $86,788,000 after buying an additional 25,662 shares during the period. Quantinno Capital Management LP raised its position in Orix Corp Ads by 16.3% during the first quarter. Quantinno Capital Management LP now owns 924,415 shares of the real estate investment trust’s stock valued at $27,723,000 after buying an additional 129,739 shares during the period. O Shaughnessy Asset Management LLC lifted its stake in Orix Corp Ads by 4.5% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 248,110 shares of the real estate investment trust’s stock worth $7,250,000 after acquiring an additional 10,627 shares in the last quarter. Gradient Investments LLC lifted its stake in Orix Corp Ads by 4.9% in the 2nd quarter. Gradient Investments LLC now owns 165,151 shares of the real estate investment trust’s stock worth $6,282,000 after acquiring an additional 7,697 shares in the last quarter. Finally, Calamos Wealth Management LLC lifted its stake in Orix Corp Ads by 16.3% in the 1st quarter. Calamos Wealth Management LLC now owns 163,340 shares of the real estate investment trust’s stock worth $4,899,000 after acquiring an additional 22,938 shares in the last quarter. 1.73% of the stock is owned by institutional investors and hedge funds.

Orix Corp Ads Stock Performance

Shares of IX opened at $40.24 on Friday. Orix Corp Ads has a one year low of $24.19 and a one year high of $42.39. The company has a 50-day moving average of $39.72 and a two-hundred day moving average of $36.52. The stock has a market cap of $44.67 billion, a price-to-earnings ratio of 11.12, a PEG ratio of 0.79 and a beta of 0.87. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.15 and a quick ratio of 2.07.

Orix Corp Ads (NYSE:IX) last released its earnings results on Tuesday, June 30th. The real estate investment trust reported $1.57 earnings per share for the quarter. The business had revenue of $7.06 billion for the quarter. Orix Corp Ads had a net margin of 18.02% and a return on equity of 13.11%. On average, equities research analysts expect that Orix Corp Ads will post 5.04 earnings per share for the current year.

About Orix Corp Ads

ORIX Corporation is a diversified financial services and asset-management company headquartered in Tokyo, Japan. Founded in 1964 as Orient Leasing, the company has expanded from its original leasing business into a broad range of financial, investment and operating businesses. Its American depositary shares trade on the New York Stock Exchange under the symbol IX.

ORIX provides corporate financial services, leasing, business investment, insurance, banking and credit services. Its activities also include real estate development and management, private equity and concession investments, aircraft and ship financing, and asset management.