ORIX Co. (NYSE:IX) Sees Large Decline in Short Interest

ORIX Co. (NYSE:IX) saw a large decline in short interest in September. As of September 30th, there was short interest totalling 91,600 shares, a decline of 8.6% from the September 15th total of 100,200 shares. Based on an average daily trading volume, of 17,500 shares, the days-to-cover ratio is currently 5.2 days. Currently, 0.0% of the shares of the stock are short sold.

ORIX Stock Down 0.3 %

IX stock traded down $0.37 during trading hours on Thursday, reaching $110.42. 18,936 shares of the stock were exchanged, compared to its average volume of 16,559. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.81 and a quick ratio of 1.77. The company has a market cap of $25.64 billion, a price-to-earnings ratio of 10.78, a PEG ratio of 0.95 and a beta of 0.90. ORIX has a 12 month low of $86.05 and a 12 month high of $125.84. The firm’s 50-day moving average is $118.12 and its 200-day moving average is $112.25.

ORIX (NYSE:IX) last announced its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $2.41 earnings per share (EPS) for the quarter. ORIX had a return on equity of 9.29% and a net margin of 13.01%. The business had revenue of $4.54 billion during the quarter. On average, equities research analysts expect that ORIX will post 11.23 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of ORIX from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th.

Institutional Trading of ORIX

Large investors have recently bought and sold shares of the business. Truist Financial Corp lifted its holdings in shares of ORIX by 4.7% in the second quarter. Truist Financial Corp now owns 1,915 shares of the real estate investment trust’s stock worth $213,000 after buying an additional 86 shares in the last quarter. CWM LLC increased its holdings in ORIX by 10.8% during the 2nd quarter. CWM LLC now owns 956 shares of the real estate investment trust’s stock valued at $106,000 after purchasing an additional 93 shares during the period. Kathmere Capital Management LLC raised its position in ORIX by 3.1% during the 1st quarter. Kathmere Capital Management LLC now owns 4,244 shares of the real estate investment trust’s stock valued at $468,000 after purchasing an additional 126 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in ORIX by 44.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 453 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 140 shares during the period. Finally, Aaron Wealth Advisors LLC grew its position in shares of ORIX by 5.2% in the 2nd quarter. Aaron Wealth Advisors LLC now owns 3,660 shares of the real estate investment trust’s stock worth $407,000 after buying an additional 180 shares during the last quarter. 1.73% of the stock is currently owned by institutional investors and hedge funds.

ORIX Company Profile

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.