Short Interest in Orion Group Holdings, Inc. (NYSE:ORN) Expands By 21.9%

Orion Group Holdings, Inc. (NYSE:ORN) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 819,300 shares, a growth of 21.9% from the February 28th total of 672,200 shares. Approximately 2.3% of the company’s shares are sold short. Based on an average trading volume of 425,600 shares, the short-interest ratio is currently 1.9 days.

Orion Group Price Performance

Orion Group stock traded down $0.49 during mid-day trading on Thursday, hitting $5.01. The company’s stock had a trading volume of 246,263 shares, compared to its average volume of 450,757. Orion Group has a twelve month low of $4.85 and a twelve month high of $12.12. The stock’s fifty day moving average price is $6.83 and its two-hundred day moving average price is $7.04. The stock has a market capitalization of $195.34 million, a P/E ratio of -12.52, a P/E/G ratio of 1.10 and a beta of 0.93. The company has a quick ratio of 1.33, a current ratio of 1.35 and a debt-to-equity ratio of 0.24.

Orion Group (NYSE:ORN) last posted its quarterly earnings data on Tuesday, March 4th. The construction company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.01. Orion Group had a negative return on equity of 0.71% and a negative net margin of 1.63%. The firm had revenue of $216.88 million for the quarter, compared to the consensus estimate of $271.70 million. During the same quarter in the previous year, the company earned $0.08 EPS. Research analysts forecast that Orion Group will post 0.06 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on ORN shares. DA Davidson began coverage on Orion Group in a report on Friday, January 17th. They issued a “buy” rating and a $11.00 target price on the stock. B. Riley raised shares of Orion Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, March 18th. Finally, StockNews.com downgraded shares of Orion Group from a “buy” rating to a “hold” rating in a report on Sunday, March 23rd.

Institutional Trading of Orion Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. Lazard Asset Management LLC acquired a new position in shares of Orion Group in the 4th quarter valued at about $41,000. Heck Capital Advisors LLC purchased a new stake in Orion Group in the 4th quarter worth approximately $49,000. Quarry LP acquired a new stake in shares of Orion Group during the 4th quarter valued at $52,000. Intech Investment Management LLC purchased a new position in shares of Orion Group during the 3rd quarter valued at $63,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Orion Group by 1,936.3% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 9,428 shares of the construction company’s stock worth $69,000 after acquiring an additional 8,965 shares during the last quarter. 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.