Orion Group Holdings, Inc. (NYSE:ORN) Sees Significant Growth in Short Interest

Orion Group Holdings, Inc. (NYSE:ORNGet Rating) was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totalling 161,800 shares, a growth of 24.8% from the April 15th total of 129,600 shares. Based on an average daily trading volume, of 174,000 shares, the short-interest ratio is presently 0.9 days. Currently, 0.6% of the shares of the stock are sold short.

Hedge funds have recently modified their holdings of the company. Barclays PLC increased its stake in Orion Group by 594.2% in the 3rd quarter. Barclays PLC now owns 5,984 shares of the construction company’s stock valued at $33,000 after buying an additional 5,122 shares during the period. Koss Olinger Consulting LLC purchased a new stake in shares of Orion Group during the fourth quarter worth $41,000. Jane Street Group LLC purchased a new stake in shares of Orion Group during the 1st quarter worth about $41,000. Assenagon Asset Management S.A. bought a new position in Orion Group during the first quarter valued at approximately $53,000. Finally, Susquehanna International Group LLP lifted its stake in shares of Orion Group by 318.6% in the 4th quarter. Susquehanna International Group LLP now owns 15,078 shares of the construction company’s stock valued at $57,000 after purchasing an additional 21,977 shares during the last quarter. Institutional investors and hedge funds own 57.88% of the company’s stock.

Shares of NYSE ORN traded down $0.01 during midday trading on Thursday, reaching $2.84. The company’s stock had a trading volume of 46,114 shares, compared to its average volume of 109,739. Orion Group has a one year low of $2.10 and a one year high of $6.50. The company has a 50 day moving average price of $2.49 and a 200 day moving average price of $3.32. The company has a quick ratio of 1.20, a current ratio of 1.21 and a debt-to-equity ratio of 0.09.

Orion Group (NYSE:ORNGet Rating) last announced its earnings results on Wednesday, April 27th. The construction company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.01. Orion Group had a negative return on equity of 9.90% and a negative net margin of 3.27%. The business had revenue of $174.93 million during the quarter, compared to the consensus estimate of $150.19 million. Equities research analysts expect that Orion Group will post -0.05 earnings per share for the current fiscal year.

A number of analysts have commented on ORN shares. TheStreet downgraded shares of Orion Group from a “c-” rating to a “d” rating in a research report on Friday, February 11th. Zacks Investment Research upgraded Orion Group from a “sell” rating to a “hold” rating in a research report on Tuesday, May 3rd. B. Riley decreased their price target on Orion Group from $4.50 to $3.50 and set a “neutral” rating for the company in a research note on Friday, March 4th. Finally, StockNews.com started coverage on Orion Group in a research note on Friday, April 15th. They issued a “hold” rating on the stock. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Orion Group has an average rating of “Hold” and an average price target of $6.25.

About Orion Group (Get Rating)

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

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