Orion Group Holdings, Inc. (NYSE:ORN) Short Interest Update

Orion Group Holdings, Inc. (NYSE:ORN) was the recipient of a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 826,700 shares, a decline of 24.8% from the November 15th total of 1,100,000 shares. Based on an average trading volume of 496,200 shares, the days-to-cover ratio is presently 1.7 days.

Institutional Investors Weigh In On Orion Group

A number of institutional investors have recently modified their holdings of ORN. Portolan Capital Management LLC lifted its holdings in Orion Group by 56.6% in the third quarter. Portolan Capital Management LLC now owns 1,985,355 shares of the construction company’s stock valued at $11,455,000 after buying an additional 717,533 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Orion Group by 2.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,882,898 shares of the construction company’s stock worth $17,907,000 after acquiring an additional 46,079 shares in the last quarter. Royce & Associates LP lifted its stake in shares of Orion Group by 12.9% in the 3rd quarter. Royce & Associates LP now owns 1,749,785 shares of the construction company’s stock valued at $10,096,000 after purchasing an additional 200,420 shares during the period. Geode Capital Management LLC boosted its position in shares of Orion Group by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 676,917 shares of the construction company’s stock valued at $3,907,000 after purchasing an additional 10,098 shares in the last quarter. Finally, State Street Corp grew its stake in Orion Group by 27.3% during the third quarter. State Street Corp now owns 552,152 shares of the construction company’s stock worth $3,186,000 after purchasing an additional 118,296 shares during the period. 70.25% of the stock is owned by institutional investors.

Orion Group Stock Down 5.4 %

Shares of ORN stock opened at $8.17 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.33 and a debt-to-equity ratio of 0.24. Orion Group has a one year low of $4.09 and a one year high of $12.12. The business’s 50 day simple moving average is $7.22 and its 200 day simple moving average is $7.87.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Orion Group from a “hold” rating to a “buy” rating in a research report on Friday, November 1st.

Orion Group Company Profile

Orion Group Holdings, Inc operates as a specialty construction company in the building, industrial, and infrastructure sectors in the United States, Alaska, Hawaii, Canada, and the Caribbean Basin. It operates in two segments, Marine and Concrete. The company provides marine construction services, including construction, restoration, dredging, maintenance, and repair of marine transportation facilities and pipelines, bridges and causeways, and marine environmental structures.