Short Interest in ORIX Co. (NYSE:IX) Expands By 8.4%

ORIX Co. (NYSE:IX) was the recipient of a significant growth in short interest during 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. Approximately 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.

ORIX Stock Down 0.4 %

NYSE:IX traded down $0.47 on Wednesday, hitting $106.23. The stock had a trading volume of 14,652 shares, compared to its average volume of 20,511. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 1.38. ORIX has a 52 week low of $90.57 and a 52 week high of $125.84. The business’s fifty day moving average is $108.68 and its 200 day moving average is $113.19. The company has a market cap of $24.67 billion, a PE ratio of 9.16, a P/E/G ratio of 1.07 and a beta of 0.92.

Wall Street Analysts Forecast Growth

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

Insider Transactions at ORIX

In other ORIX news, major shareholder Corp Orix sold 3,700,000 shares of the stock in a transaction dated 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 completion of the transaction, the insider now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.08% of the company’s stock.

Hedge Funds Weigh In On ORIX

Several large investors have recently bought and sold shares of IX. FMR LLC boosted its holdings in shares of ORIX by 9.9% in the 3rd quarter. FMR LLC now owns 647,689 shares of the real estate investment trust’s stock worth $75,164,000 after buying an additional 58,178 shares during the last quarter. International Assets Investment Management LLC bought a new stake in ORIX during the 3rd quarter valued at $4,256,000. World Investment Advisors LLC purchased a new stake in shares of ORIX during the third quarter worth $2,600,000. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of ORIX by 12.5% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 197,640 shares of the real estate investment trust’s stock worth $21,997,000 after acquiring an additional 22,000 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position 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 valued at $2,053,000 after purchasing an additional 14,584 shares in the last quarter. 1.73% of the stock is currently owned by institutional investors.

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.