Office Properties Income Trust (NASDAQ:OPINL) Short Interest Update

Office Properties Income Trust (NASDAQ:OPINL) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 20,300 shares, an increase of 407.5% from the February 28th total of 4,000 shares. Based on an average daily volume of 15,000 shares, the days-to-cover ratio is currently 1.4 days.

Office Properties Income Trust Price Performance

Shares of NASDAQ OPINL traded down $0.83 during mid-day trading on Friday, reaching $7.92. 41,837 shares of the company traded hands, compared to its average volume of 22,125. Office Properties Income Trust has a fifty-two week low of $7.54 and a fifty-two week high of $14.90. The stock has a fifty day simple moving average of $10.88 and a 200-day simple moving average of $12.11.

Office Properties Income Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Investors of record on Saturday, February 15th were paid a dividend of $0.3984 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.59 annualized dividend and a yield of 20.12%.

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.