Office Properties Income Trust (NASDAQ:OPI) Stock Short Interest Jumps 253.8%

Office Properties Income Trust (NASDAQ:OPI) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 312,985 shares, an increase of 253.8% from the September 15th total of 88,471 shares. Based on an average daily trading volume, of 126,193 shares, the short-interest ratio is currently 2.5 days. Approximately 0.4% of the shares of the company are sold short.

Office Properties Income Trust Trading Up 3.1%

Shares of OPI stock traded up $0.46 during trading hours on Friday, hitting $15.52. The stock had a trading volume of 52,800 shares, compared to its average volume of 102,287. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.29. Office Properties Income Trust has a one year low of $14.64 and a one year high of $27.80. The business has a 50-day simple moving average of $17.42.

Office Properties Income Trust (NASDAQ:OPI) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($35.94) earnings per share for the quarter. The business had revenue of $98.47 million during the quarter.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Wall Street Zen upgraded shares of Office Properties Income Trust to a “hold” rating in a research report on Sunday, July 12th. Odeon Capital Group initiated coverage on Office Properties Income Trust in a report on Tuesday, July 7th. They set a “buy” rating and a $27.00 price target on the stock. Finally, Weiss Ratings downgraded Office Properties Income Trust from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $27.00.

Insider Activity

In related news, major shareholder Redwood Capital Management, Ll sold 175,734 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $19.03, for a total value of $3,344,218.02. Following the completion of the sale, the insider directly owned 3,961,992 shares of the company’s stock, valued at approximately $75,396,707.76. This represents a 4.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last ninety days, insiders sold 365,529 shares of company stock worth $7,066,249. Insiders own 1.77% of the company’s stock.

Office Properties Income Trust Company Profile

Office Properties Income Trust (NASDAQ: OPI) is a real estate investment trust focused on owning, leasing and managing office properties in the United States. Its portfolio has historically included buildings occupied by government entities, corporate tenants and other organizations, with properties located across a range of U.S. markets.

The company generates revenue primarily through rental income from office space. Its properties may include traditional office buildings, headquarters facilities and specialized government-occupied workplaces.