ORIX Co. (NYSE:IX) Sees Large Growth in Short Interest

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ORIX Co. (NYSE:IX) saw a large increase in short interest in May. As of May 29th, there was short interest totalling 61,900 shares, an increase of 95.3% from the May 14th total of 31,700 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 90,100 shares, the short-interest ratio is presently 0.7 days.

Several large investors have recently bought and sold shares of the company. Morgan Stanley lifted its stake in ORIX by 12.0% in the first quarter. Morgan Stanley now owns 700,172 shares of the real estate investment trust’s stock valued at $41,380,000 after buying an additional 75,152 shares during the last quarter. Parametric Portfolio Associates LLC lifted its position in ORIX by 6.9% in the 1st quarter. Parametric Portfolio Associates LLC now owns 632,438 shares of the real estate investment trust’s stock valued at $37,377,000 after purchasing an additional 40,740 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in ORIX by 0.5% during the 1st quarter. Crossmark Global Holdings Inc. now owns 161,149 shares of the real estate investment trust’s stock valued at $9,524,000 after purchasing an additional 732 shares during the period. Bank of America Corp DE grew its position in ORIX by 21.3% in the 4th quarter. Bank of America Corp DE now owns 151,333 shares of the real estate investment trust’s stock worth $12,623,000 after purchasing an additional 26,575 shares during the last quarter. Finally, FDx Advisors Inc. acquired a new stake in shares of ORIX in the first quarter valued at approximately $1,519,000. 1.68% of the stock is owned by institutional investors.

IX traded down $3.66 on Thursday, hitting $67.57. 454 shares of the company’s stock were exchanged, compared to its average volume of 65,201. The company has a current ratio of 1.79, a quick ratio of 1.76 and a debt-to-equity ratio of 1.40. The stock has a fifty day moving average of $61.08 and a two-hundred day moving average of $73.42. ORIX has a twelve month low of $52.65 and a twelve month high of $89.21. The firm has a market cap of $17.62 billion, a PE ratio of 8.17, a P/E/G ratio of 2.08 and a beta of 0.92.

IX has been the subject of a number of research reports. ValuEngine downgraded ORIX from a “sell” rating to a “strong sell” rating in a research note on Friday, May 1st. Goldman Sachs Group lowered ORIX from a “conviction-buy” rating to a “buy” rating in a research report on Thursday, April 9th. Finally, Zacks Investment Research raised shares of ORIX from a “sell” rating to a “hold” rating in a report on Thursday, May 28th.

ORIX Company Profile

ORIX Corporation provides diversified financial services primarily in Japan and the Americas. It operates through six segments: Corporate Financial Services, Maintenance Leasing, Real Estate, Investment and Operation, Retail, and Overseas Business. The Corporate Financial Services segment engages in lending, leasing, and fee businesses.

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