Short Interest in Office Properties Income Trust (NASDAQ:OPINL) Drops By 39.8%

Office Properties Income Trust (NASDAQ:OPINL) was the target of a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 12,100 shares, a drop of 39.8% from the October 15th total of 20,100 shares. Based on an average daily volume of 25,300 shares, the short-interest ratio is presently 0.5 days.

Office Properties Income Trust Price Performance

Shares of OPINL stock opened at $11.52 on Wednesday. The stock has a 50-day moving average of $13.58 and a 200-day moving average of $11.77. Office Properties Income Trust has a 1-year low of $9.62 and a 1-year high of $15.01.

Office Properties Income Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Friday, November 15th will be paid a dividend of $0.3984 per share. This represents a $1.59 dividend on an annualized basis and a yield of 13.83%. The ex-dividend date of this dividend is Friday, November 15th.

Office Properties Income Trust Company Profile

OPI is a national REIT focused on owning and leasing high quality office and mixed-use properties in select growth-oriented U.S. markets. As of December 31, 2023, approximately 64% of OPI’s revenues were from investment grade rated tenants. OPI owned 152 properties as of December 31, 2023, with approximately 20.5 million square feet located in 30 states and Washington, DC In 2023, OPI was named as an Energy Star® Partner of the Year for the sixth consecutive year.