ORIX Co. (NYSE:IX) Short Interest Up 8.4% in December

ORIX Co. (NYSE:IX) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 149,500 shares, a growth of 8.4% from the November 30th total of 137,900 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 31,800 shares, the days-to-cover ratio is presently 4.7 days.

Insider Activity

In related news, major shareholder Corp Orix sold 3,700,000 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $75.38, for a total value of $278,906,000.00. Following the sale, the insider now owns 2,976,077 shares in the company, valued at approximately $224,336,684.26. This trade represents a 55.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.08% of the stock is owned by company insiders.

Institutional Trading of ORIX

Several hedge funds have recently added to or reduced their stakes in the business. Truist Financial Corp boosted its stake in shares of ORIX by 4.7% during the second quarter. Truist Financial Corp now owns 1,915 shares of the real estate investment trust’s stock valued at $213,000 after purchasing an additional 86 shares during the period. Orion Portfolio Solutions LLC boosted its position in ORIX by 1.7% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 8,183 shares of the real estate investment trust’s stock valued at $950,000 after buying an additional 134 shares during the period. PDS Planning Inc boosted its position in ORIX by 7.0% during the 3rd quarter. PDS Planning Inc now owns 2,229 shares of the real estate investment trust’s stock valued at $259,000 after buying an additional 146 shares during the period. Glenmede Trust Co. NA grew its holdings in ORIX by 6.3% in the 3rd quarter. Glenmede Trust Co. NA now owns 2,804 shares of the real estate investment trust’s stock worth $325,000 after acquiring an additional 165 shares during the last quarter. Finally, Captrust Financial Advisors increased its position in shares of ORIX by 8.9% in the third quarter. Captrust Financial Advisors now owns 2,315 shares of the real estate investment trust’s stock valued at $269,000 after acquiring an additional 189 shares during the period. 1.73% of the stock is owned by institutional investors.

ORIX Price Performance

Shares of IX stock traded down $0.47 during trading hours on Wednesday, hitting $106.23. 14,652 shares of the company’s stock were exchanged, compared to its average volume of 20,511. The company has a market capitalization of $24.67 billion, a PE ratio of 9.16, a PEG ratio of 1.07 and a beta of 0.92. The company has a current ratio of 1.40, a quick ratio of 1.37 and a debt-to-equity ratio of 1.38. ORIX has a 12-month low of $90.57 and a 12-month high of $125.84. The business’s 50 day simple moving average is $108.68 and its 200-day simple moving average is $113.19.

Analysts Set New Price Targets

Separately, StockNews.com lowered ORIX from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th.

About ORIX

ORIX Corporation provides diversified financial services in Japan, the United States, Asia, Europe, Australasia, and the Middle East. The company's Corporate Financial Services and Maintenance Leasing segment is involved in the finance and fee; leasing and rental of automobiles, electronic measuring instruments, and ICT-related equipment businesses; and provision of life insurance and environment and energy-related products and services.