Orix Corp Ads (NYSE:IX) Short Interest Down 32.7% in August

Orix Corp Ads (NYSE:IX) saw a large drop in short interest in August. As of August 31st, there was short interest totaling 564,139 shares, a drop of 32.7% from the August 15th total of 838,207 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 352,721 shares, the short-interest ratio is presently 1.6 days.

Orix Corp Ads Trading Up 1.6%

Shares of NYSE:IX traded up $0.65 during trading on Thursday, reaching $40.24. 208,048 shares of the company traded hands, compared to its average volume of 327,761. The company has a current ratio of 2.15, a quick ratio of 2.07 and a debt-to-equity ratio of 1.20. Orix Corp Ads has a 52-week low of $24.19 and a 52-week high of $42.39. The firm has a market capitalization of $44.67 billion, a price-to-earnings ratio of 11.11, a P/E/G ratio of 0.79 and a beta of 0.87. The business’s fifty day moving average is $39.72 and its 200-day moving average is $36.49.

Orix Corp Ads (NYSE:IX) last issued its earnings results on Tuesday, June 30th. The real estate investment trust reported $1.57 EPS for the quarter. The company had revenue of $7.06 billion for the quarter. Orix Corp Ads had a net margin of 18.02% and a return on equity of 13.11%. As a group, analysts forecast that Orix Corp Ads will post 5.04 EPS for the current year.

Institutional Trading of Orix Corp Ads

Several large investors have recently bought and sold shares of IX. V Square Quantitative Management LLC raised its holdings in Orix Corp Ads by 40.7% in the first quarter. V Square Quantitative Management LLC now owns 1,617 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 468 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Orix Corp Ads during the second quarter valued at approximately $136,000. Rockefeller Capital Management L.P. increased its holdings in shares of Orix Corp Ads by 63.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 5,548 shares of the real estate investment trust’s stock worth $162,000 after purchasing an additional 2,155 shares in the last quarter. 55 North Private Wealth LLC bought a new stake in Orix Corp Ads in the 2nd quarter worth about $213,000. Finally, Bridgewater Advisors Inc. purchased a new position in Orix Corp Ads in the 1st quarter worth about $171,000. 1.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on IX. Wall Street Zen downgraded Orix Corp Ads from a “buy” rating to a “hold” rating in a research report on Sunday, June 7th. Zacks Research downgraded shares of Orix Corp Ads from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Finally, Weiss Ratings upgraded shares of Orix Corp Ads from a “hold (c+)” rating to a “buy (b)” rating in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Orix Corp Ads currently has a consensus rating of “Moderate Buy”.

About Orix Corp Ads

ORIX Corporation is a diversified financial services and asset-management company headquartered in Tokyo, Japan. Founded in 1964 as Orient Leasing, the company has expanded from its original leasing business into a broad range of financial, investment and operating businesses. Its American depositary shares trade on the New York Stock Exchange under the symbol IX.

ORIX provides corporate financial services, leasing, business investment, insurance, banking and credit services. Its activities also include real estate development and management, private equity and concession investments, aircraft and ship financing, and asset management.