Orion Office REIT Inc. (NYSE:ONL) Short Interest Up 37.5% in January

Orion Office REIT Inc. (NYSE:ONL) was the target of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 925,213 shares, an increase of 37.5% from the January 15th total of 673,061 shares. Based on an average daily volume of 380,605 shares, the short-interest ratio is presently 2.4 days. Currently, 1.7% of the company’s stock are short sold. Currently, 1.7% of the company’s stock are short sold. Based on an average daily volume of 380,605 shares, the short-interest ratio is presently 2.4 days.

Institutional Trading of Orion Office REIT

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Gabelli Funds LLC purchased a new stake in Orion Office REIT in the 2nd quarter worth $26,000. PNC Financial Services Group Inc. lifted its position in shares of Orion Office REIT by 72.1% in the second quarter. PNC Financial Services Group Inc. now owns 13,703 shares of the company’s stock valued at $29,000 after acquiring an additional 5,741 shares in the last quarter. Evoke Wealth LLC bought a new position in shares of Orion Office REIT in the fourth quarter worth about $30,000. AXQ Capital LP purchased a new stake in shares of Orion Office REIT during the fourth quarter worth about $30,000. Finally, Hudson Bay Capital Management LP bought a new stake in Orion Office REIT during the 2nd quarter valued at approximately $30,000. 79.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Jones Trading raised Orion Office REIT from a “hold” rating to a “buy” rating and set a $3.00 price objective on the stock in a research report on Monday, January 26th. Wall Street Zen raised shares of Orion Office REIT from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Orion Office REIT in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Orion Office REIT presently has an average rating of “Hold” and an average price target of $3.00.

Orion Office REIT Stock Performance

Shares of Orion Office REIT stock traded up $0.13 during trading hours on Friday, reaching $2.66. 352,354 shares of the stock traded hands, compared to its average volume of 328,226. Orion Office REIT has a one year low of $1.46 and a one year high of $4.25. The firm has a market capitalization of $149.52 million, a price-to-earnings ratio of -1.09 and a beta of 1.40. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 0.73. The company has a 50 day moving average price of $2.24 and a 200 day moving average price of $2.47.

About Orion Office REIT

Orion Office REIT is a publicly traded real estate investment trust that acquires, owns and manages a diversified portfolio of Class A office properties across high-growth U.S. markets. The company focuses on suburban and infill locations, targeting properties with strong tenant credit profiles and long-term lease structures. Its business strategy emphasizes active asset management, capital recycling and selective development to enhance income stability and potential total return for shareholders.

Orion Office REIT debuted on the New York Stock Exchange under the ticker ONL following a spin-off from Government Properties Income Trust in June 2021, though many of its core assets trace back to acquisitions made as early as 2013.