ORIX Co. (NYSE:IX) Short Interest Up 8.4% in December

ORIX Co. (NYSE:IX) was the target of a large 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. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 31,800 shares, the short-interest ratio is currently 4.7 days.

ORIX Trading Down 0.4 %

Shares of ORIX stock opened at $106.23 on Thursday. ORIX has a fifty-two week low of $90.57 and a fifty-two week high of $125.84. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.37 and a current ratio of 1.40. The company has a market cap of $24.67 billion, a P/E ratio of 9.16, a price-to-earnings-growth ratio of 1.07 and a beta of 0.92. The firm has a 50-day simple moving average of $108.70 and a two-hundred day simple moving average of $113.14.

Insider Activity

In related news, major shareholder Corp Orix sold 3,700,000 shares of ORIX stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $75.38, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.08% of the company’s stock.

Institutional Trading of ORIX

Several institutional investors have recently bought and sold shares of the business. Addison Advisors LLC purchased a new stake in shares of ORIX during the second quarter worth about $29,000. Wilmington Savings Fund Society FSB acquired a new stake in ORIX in the 3rd quarter worth about $80,000. Whittier Trust Co. of Nevada Inc. increased its stake in ORIX by 26.9% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,438 shares of the real estate investment trust’s stock worth $167,000 after buying an additional 305 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of ORIX by 44.6% during the third quarter. GAMMA Investing LLC now owns 1,533 shares of the real estate investment trust’s stock valued at $178,000 after acquiring an additional 473 shares during the last quarter. Finally, Truist Financial Corp lifted its position in shares of ORIX by 4.7% in the second quarter. Truist Financial Corp now owns 1,915 shares of the real estate investment trust’s stock valued at $213,000 after acquiring an additional 86 shares in the last quarter. 1.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

About ORIX

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.