Orix Corp Ads (NYSE:IX) Short Interest Up 55.9% in April

Orix Corp Ads (NYSE:IX) was the recipient of a large increase in short interest in April. As of April 15th, there was short interest totaling 1,004,848 shares, an increase of 55.9% from the March 31st total of 644,474 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 461,323 shares, the days-to-cover ratio is presently 2.2 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IX. Atlas Capital Advisors Inc. bought a new position in Orix Corp Ads during the 4th quarter worth $28,000. V Square Quantitative Management LLC bought a new position in Orix Corp Ads during the 4th quarter worth $34,000. Kestra Advisory Services LLC bought a new position in Orix Corp Ads during the 4th quarter worth $35,000. Global Retirement Partners LLC raised its position in Orix Corp Ads by 58.2% during the 3rd quarter. Global Retirement Partners LLC now owns 1,444 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 531 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its position in Orix Corp Ads by 4,325.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,080 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 2,033 shares during the last quarter. 1.73% of the stock is owned by institutional investors.

Orix Corp Ads Price Performance

Shares of IX traded up $0.13 during trading hours on Wednesday, reaching $32.64. The stock had a trading volume of 437,857 shares, compared to its average volume of 378,776. Orix Corp Ads has a 12 month low of $19.79 and a 12 month high of $37.04. The stock has a market capitalization of $36.23 billion, a PE ratio of 11.70, a PEG ratio of 0.72 and a beta of 0.79. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.77 and a current ratio of 1.82. The company’s 50-day moving average is $31.60 and its two-hundred day moving average is $29.57.

Orix Corp Ads (NYSE:IX) last announced its quarterly earnings results on Monday, February 9th. The real estate investment trust reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.18. Orix Corp Ads had a return on equity of 10.69% and a net margin of 15.04%.The company had revenue of $5.72 billion during the quarter, compared to analysts’ expectations of $4.38 billion. Research analysts expect that Orix Corp Ads will post 2.58 EPS for the current year.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded 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, Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

About Orix Corp Ads

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.