ORIX Co. (NYSE:IX) Short Interest Update

ORIX Co. (NYSE:IX) saw a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 96,200 shares, a growth of 5.0% from the September 30th total of 91,600 shares. Based on an average daily volume of 19,300 shares, the days-to-cover ratio is currently 5.0 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of IX. International Assets Investment Management LLC purchased a new stake in shares of ORIX in the 3rd quarter worth $4,256,000. Teachers Retirement System of The State of Kentucky increased its position in ORIX by 20.9% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 175,640 shares of the real estate investment trust’s stock worth $19,356,000 after buying an additional 30,400 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of ORIX by 469.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 17,688 shares of the real estate investment trust’s stock worth $2,053,000 after buying an additional 14,584 shares during the period. Callan Capital LLC purchased a new position in shares of ORIX during the 1st quarter valued at about $842,000. Finally, American Century Companies Inc. grew its stake in shares of ORIX by 6.0% during the 2nd quarter. American Century Companies Inc. now owns 85,051 shares of the real estate investment trust’s stock valued at $9,466,000 after acquiring an additional 4,782 shares during the period. Hedge funds and other institutional investors own 1.73% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of ORIX from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th.

ORIX Stock Up 0.1 %

IX stock opened at $106.29 on Friday. The company has a market cap of $24.68 billion, a price-to-earnings ratio of 9.92, a P/E/G ratio of 0.88 and a beta of 0.90. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.77 and a current ratio of 1.81. The business’s 50-day moving average is $115.70 and its two-hundred day moving average is $112.30. ORIX has a fifty-two week low of $86.05 and a fifty-two week high of $125.84.

ORIX (NYSE:IX) last issued its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $2.41 earnings per share for the quarter. The firm had revenue of $4.54 billion for the quarter. ORIX had a net margin of 13.01% and a return on equity of 9.29%. As a group, analysts forecast that ORIX will post 11.59 earnings per share for the current year.

ORIX Company Profile

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.