Onity Group (NYSE:ONIT) Short Interest Up 23.0% in April

Onity Group (NYSE:ONIT) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totalling 137,900 shares, a growth of 23.0% from the March 31st total of 112,100 shares. Based on an average daily trading volume, of 48,600 shares, the short-interest ratio is currently 2.8 days. Currently, 2.2% of the shares of the stock are short sold.

Onity Group Stock Down 0.4 %

Shares of NYSE ONIT opened at $36.96 on Friday. Onity Group has a 1 year low of $22.40 and a 1 year high of $41.27. The company has a debt-to-equity ratio of 20.28, a current ratio of 26.46 and a quick ratio of 26.46. The firm has a market cap of $296.02 million, a PE ratio of 9.04 and a beta of 1.89. The company has a 50 day simple moving average of $31.24 and a 200 day simple moving average of $31.97.

Onity Group (NYSE:ONIT) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $1.79 by $1.05. The company had revenue of $249.80 million for the quarter, compared to analyst estimates of $244.63 million. Onity Group had a net margin of 3.47% and a return on equity of 20.50%. On average, research analysts forecast that Onity Group will post 10.51 EPS for the current year.

Analyst Ratings Changes

Separately, B. Riley upgraded shares of Onity Group to a “strong-buy” rating in a report on Tuesday, January 7th.

Institutional Investors Weigh In On Onity Group

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio bought a new stake in Onity Group in the fourth quarter valued at approximately $84,000. Corebridge Financial Inc. bought a new stake in shares of Onity Group in the 4th quarter valued at $98,000. New York State Common Retirement Fund acquired a new stake in shares of Onity Group during the fourth quarter worth $100,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Onity Group in the fourth quarter valued at $115,000. Finally, Wells Fargo & Company MN bought a new stake in Onity Group during the fourth quarter valued at $116,000. Institutional investors and hedge funds own 70.16% of the company’s stock.

About Onity Group

Onity Group Inc, a financial services company, originates and services mortgage loans in the United States, the United States Virgin Islands, India, and the Philippines. It operates through, Servicing and Originations segments. The company provides commercial forward mortgage loan servicing, reverse mortgage servicing, special servicing, and asset management services for to owners of mortgage loans and foreclosed real estate, as well as residential mortgage loan servicing, such as forward and reverse conventional, government-insured, and non-agency loans, including the reverse mortgage loans classified as loans.