Orchid Island Capital, Inc. (NYSE:ORC) Short Interest Update

Orchid Island Capital, Inc. (NYSE:ORCGet Rating) saw a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 15,410,000 shares, an increase of 32.6% from the May 15th total of 11,620,000 shares. Based on an average daily volume of 3,020,000 shares, the short-interest ratio is presently 5.1 days.

Orchid Island Capital stock opened at $2.66 on Thursday. Orchid Island Capital has a 1-year low of $2.56 and a 1-year high of $5.67. The firm has a market capitalization of $471.13 million, a price-to-earnings ratio of -2.46 and a beta of 1.32. The firm has a 50 day simple moving average of $2.99 and a 200 day simple moving average of $3.61.

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, July 27th. Investors of record on Thursday, June 30th will be paid a $0.045 dividend. The ex-dividend date of this dividend is Wednesday, June 29th. This represents a $0.54 dividend on an annualized basis and a yield of 20.30%. Orchid Island Capital’s dividend payout ratio is -50.00%.

Several equities research analysts have recently issued reports on ORC shares. StockNews.com started coverage on shares of Orchid Island Capital in a research note on Thursday, March 31st. They set a “sell” rating for the company. Jonestrading lowered shares of Orchid Island Capital from a “buy” rating to a “hold” rating in a research note on Friday, February 25th.

Institutional investors have recently added to or reduced their stakes in the stock. Aaron Wealth Advisors LLC purchased a new position in Orchid Island Capital in the 1st quarter valued at approximately $2,110,000. Point72 Hong Kong Ltd purchased a new position in Orchid Island Capital in the 4th quarter valued at approximately $38,000. ARGI Investment Services LLC bought a new position in Orchid Island Capital in the 1st quarter valued at $34,000. Avidian Wealth Solutions LLC bought a new position in Orchid Island Capital in the 1st quarter valued at $38,000. Finally, Atria Wealth Solutions Inc. bought a new position in Orchid Island Capital in the 1st quarter valued at $38,000. Institutional investors and hedge funds own 21.81% of the company’s stock.

Orchid Island Capital Company Profile (Get Rating)

Orchid Island Capital, Inc, a specialty finance company, invests in residential mortgage-backed securities (RMBS) in the United States. The company's RMBS is backed by single-family residential mortgage loans, referred as Agency RMBS. Its portfolio includes traditional pass-through Agency RMBS, such as mortgage pass through certificates and collateralized mortgage obligations; and structured Agency RMBS comprising interest only securities, inverse interest only securities, and principal only securities.

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