Orix Corp Ads (NYSE:IX) Short Interest Down 19.5% in December

Orix Corp Ads (NYSE:IX) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 368,472 shares, a drop of 19.5% from the December 15th total of 457,570 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 151,795 shares, the days-to-cover ratio is currently 2.4 days. Based on an average daily trading volume, of 151,795 shares, the days-to-cover ratio is currently 2.4 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Trading of Orix Corp Ads

A number of institutional investors have recently modified their holdings of the company. Royal Bank of Canada lifted its holdings in Orix Corp Ads by 336.1% in the first quarter. Royal Bank of Canada now owns 38,081 shares of the real estate investment trust’s stock worth $796,000 after buying an additional 29,349 shares during the period. AQR Capital Management LLC boosted its position in shares of Orix Corp Ads by 433.3% during the 1st quarter. AQR Capital Management LLC now owns 44,547 shares of the real estate investment trust’s stock valued at $931,000 after acquiring an additional 36,194 shares during the last quarter. Millennium Management LLC increased its position 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 worth $4,261,000 after purchasing an additional 197,432 shares during the last quarter. Jones Financial Companies Lllp raised its stake in Orix Corp Ads by 8,083.8% during the first quarter. Jones Financial Companies Lllp now owns 5,565 shares of the real estate investment trust’s stock valued at $116,000 after purchasing an additional 5,497 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Orix Corp Ads by 568.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 96,454 shares of the real estate investment trust’s stock valued at $2,015,000 after buying an additional 82,030 shares during the period. 1.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of Orix Corp Ads in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy”.

Orix Corp Ads Price Performance

Shares of IX stock traded up $0.16 during trading hours on Monday, hitting $30.68. The company had a trading volume of 129,791 shares, compared to its average volume of 132,674. The firm has a market capitalization of $34.97 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 0.94 and a beta of 0.73. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.77 and a current ratio of 1.81. Orix Corp Ads has a 12 month low of $17.75 and a 12 month high of $30.82. The firm’s fifty day moving average is $28.26 and its 200 day moving average is $26.08.

Orix Corp Ads (NYSE:IX) last released its earnings results on Wednesday, November 12th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.42. Orix Corp Ads had a return on equity of 10.30% and a net margin of 14.53%.The business had revenue of $5.73 billion for the quarter, compared to analyst estimates of $4.87 billion. On average, sell-side analysts predict that Orix Corp Ads will post 11.31 EPS for the current fiscal 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.