Office Properties Income Trust (NASDAQ:OPI) Sees Large Growth in Short Interest

Office Properties Income Trust (NASDAQ:OPI) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 11,580,000 shares, an increase of 132.1% from the August 31st total of 4,990,000 shares. Based on an average daily volume of 10,810,000 shares, the short-interest ratio is currently 1.1 days. Based on an average daily volume of 10,810,000 shares, the short-interest ratio is currently 1.1 days.

Office Properties Income Trust Stock Performance

Shares of OPI opened at $0.24 on Monday. Office Properties Income Trust has a one year low of $0.18 and a one year high of $2.14. The company has a 50-day moving average of $0.30 and a two-hundred day moving average of $0.30. The stock has a market cap of $17.82 million, a price-to-earnings ratio of -0.05 and a beta of 1.71. The company has a debt-to-equity ratio of 2.22, a current ratio of 2.33 and a quick ratio of 2.33.

Office Properties Income Trust (NASDAQ:OPI) last announced its earnings results on Wednesday, July 30th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of ($0.51) by $0.64. Office Properties Income Trust had a negative net margin of 62.99% and a negative return on equity of 25.56%. The company had revenue of $114.50 million during the quarter, compared to analysts’ expectations of $110.44 million.

Institutional Trading of Office Properties Income Trust

A number of hedge funds have recently made changes to their positions in the stock. Delphi Financial Group Inc. purchased a new stake in shares of Office Properties Income Trust in the second quarter worth approximately $346,000. Jane Street Group LLC lifted its position in shares of Office Properties Income Trust by 290.4% in the second quarter. Jane Street Group LLC now owns 688,815 shares of the company’s stock worth $170,000 after purchasing an additional 512,368 shares in the last quarter. Aristeia Capital L.L.C. lifted its position in shares of Office Properties Income Trust by 130.6% in the first quarter. Aristeia Capital L.L.C. now owns 360,014 shares of the company’s stock worth $164,000 after purchasing an additional 203,898 shares in the last quarter. Two Sigma Investments LP lifted its position in shares of Office Properties Income Trust by 39.3% in the fourth quarter. Two Sigma Investments LP now owns 307,900 shares of the company’s stock worth $308,000 after purchasing an additional 86,826 shares in the last quarter. Finally, Savvy Advisors Inc. purchased a new stake in shares of Office Properties Income Trust in the second quarter worth approximately $31,000. 64.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on OPI. Weiss Ratings restated a “sell (d)” rating on shares of Office Properties Income Trust in a research report on Saturday, September 27th. Wall Street Zen upgraded shares of Office Properties Income Trust to a “sell” rating in a research report on Saturday, September 13th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

About Office Properties Income Trust

Office Properties Income Trust is a real estate investment trust. It owns, operates, and leases office buildings to single tenants and multi-tenant buildings. The company was founded on February 17, 2009 and is headquartered in Newton, MA.