Orion Group Holdings, Inc. (NYSE:ORN) Short Interest Down 19.6% in January

Orion Group Holdings, Inc. (NYSE:ORN) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 684,700 shares, a drop of 19.6% from the December 31st total of 851,300 shares. Based on an average daily volume of 412,700 shares, the short-interest ratio is currently 1.7 days.

Orion Group Stock Performance

Shares of NYSE ORN traded down $0.09 during trading hours on Monday, hitting $7.80. 293,287 shares of the stock were exchanged, compared to its average volume of 443,657. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.35 and a quick ratio of 1.33. The company’s 50 day moving average is $7.91 and its 200 day moving average is $7.33. The firm has a market capitalization of $303.23 million, a P/E ratio of -19.49, a P/E/G ratio of 1.13 and a beta of 0.93. Orion Group has a one year low of $5.23 and a one year high of $12.12.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on ORN shares. DA Davidson assumed coverage on shares of Orion Group in a research note on Friday, January 17th. They issued a “buy” rating and a $11.00 price objective for the company. StockNews.com upgraded shares of Orion Group from a “hold” rating to a “buy” rating in a research report on Friday, November 1st.

Hedge Funds Weigh In On Orion Group

A number of hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its position in shares of Orion Group by 2.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,882,898 shares of the construction company’s stock worth $17,907,000 after purchasing an additional 46,079 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in Orion Group during the 2nd quarter worth approximately $115,000. Sanctuary Advisors LLC acquired a new stake in Orion Group during the 2nd quarter worth approximately $303,000. SG Americas Securities LLC acquired a new stake in shares of Orion Group in the third quarter valued at approximately $67,000. Finally, Harbor Capital Advisors Inc. acquired a new position in Orion Group during the third quarter worth $1,873,000. Institutional investors and hedge funds own 70.25% of the company’s stock.

Orion Group Company Profile

Orion Group Holdings, Inc operates as a specialty construction company in the building, industrial, and infrastructure sectors in the United States, Alaska, Hawaii, Canada, and the Caribbean Basin. It operates in two segments, Marine and Concrete. The company provides marine construction services, including construction, restoration, dredging, maintenance, and repair of marine transportation facilities and pipelines, bridges and causeways, and marine environmental structures.