Ormat Technologies, Inc. (NYSE:ORA) saw a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 603,500 shares, a growth of 16.2% from the January 15th total of 519,500 shares. Currently, 1.3% of the shares of the company are sold short. Based on an average trading volume of 154,400 shares, the days-to-cover ratio is presently 3.9 days.

ORA stock traded down $0.36 during midday trading on Friday, hitting $85.78. The stock had a trading volume of 131,393 shares, compared to its average volume of 151,273. The firm has a market capitalization of $4.31 billion, a price-to-earnings ratio of 46.87, a P/E/G ratio of 3.55 and a beta of 1.01. Ormat Technologies has a 52 week low of $54.00 and a 52 week high of $86.76. The stock has a 50-day simple moving average of $78.85 and a 200 day simple moving average of $75.15. The company has a current ratio of 1.23, a quick ratio of 1.11 and a debt-to-equity ratio of 0.70.

Several research analysts recently commented on the company. TheStreet raised Ormat Technologies from a “c+” rating to a “b-” rating in a research report on Wednesday, December 18th. Roth Capital cut Ormat Technologies from a “buy” rating to a “neutral” rating and set a $78.00 target price for the company. in a research report on Monday, November 11th. They noted that the move was a valuation call. Zacks Investment Research raised Ormat Technologies from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a research report on Monday, October 21st. Finally, Cowen cut Ormat Technologies from an “outperform” rating to a “market perform” rating and set a $76.00 target price for the company. in a research report on Thursday, October 24th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $73.40.

In related news, VP Zvi Krieger sold 808 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $76.50, for a total value of $61,812.00. Following the completion of the transaction, the vice president now directly owns 808 shares of the company’s stock, valued at $61,812. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Lowe Brian 270,900 shares of the stock in a transaction dated Friday, November 22nd. Insiders sold 11,289 shares of company stock valued at $875,703 over the last three months. 0.63% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Reynders McVeigh Capital Management LLC raised its stake in Ormat Technologies by 2.2% during the fourth quarter. Reynders McVeigh Capital Management LLC now owns 44,602 shares of the energy company’s stock worth $3,324,000 after acquiring an additional 940 shares in the last quarter. Marshall Wace North America L.P. acquired a new position in Ormat Technologies during the fourth quarter worth $1,256,000. Goldman Sachs Group Inc. raised its stake in Ormat Technologies by 57.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 301,872 shares of the energy company’s stock worth $22,496,000 after acquiring an additional 110,328 shares in the last quarter. UBS Group AG raised its stake in Ormat Technologies by 117.7% during the fourth quarter. UBS Group AG now owns 33,790 shares of the energy company’s stock worth $2,518,000 after acquiring an additional 18,267 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in Ormat Technologies by 17.7% during the fourth quarter. Van ECK Associates Corp now owns 496,128 shares of the energy company’s stock worth $36,971,000 after acquiring an additional 74,450 shares in the last quarter. Hedge funds and other institutional investors own 74.34% of the company’s stock.

Ormat Technologies Company Profile

Ormat Technologies, Inc engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guatemala, New Zealand, and internationally. The company operates through three segments: Electricity, Product, and Other. The Electricity segment develops, builds, owns, and operates geothermal and recovered energy-based power plants; and sells electricity.

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