Short Interest in Office Properties Income Trust (NASDAQ:OPI) Expands By 30.6%

Office Properties Income Trust (NASDAQ:OPI) saw a 30.6% rise in short interest in August, reaching 4,990,000 shares. The days-to-cover ratio is 5.5 days, with 6.9% of shares sold short. The stock price fell to $0.57, with a market cap of $41.93 million and a P/E ratio of 0.85. The company reported $0.13 EPS, beating estimates. Hedge funds own 64.41% of the stock, and Wall Street Zen has rated it a "sell."

Office Properties Income Trust (NASDAQ:OPI - Get Free Report) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 4,990,000 shares, an increase of 30.6% from the August 15th total of 3,820,000 shares. Based on an average daily trading volume, of 910,100 shares, the days-to-cover ratio is currently 5.5 days. Currently, 6.9% of the shares of the company are short sold. Currently, 6.9% of the shares of the company are short sold. Based on an average daily trading volume, of 910,100 shares, the days-to-cover ratio is currently 5.5 days.

Office Properties Income Trust Stock Performance

NASDAQ:OPI traded down $0.26 during trading hours on Wednesday, hitting $0.57. 37,318,008 shares of the company were exchanged, compared to its average volume of 29,073,796. The company has a debt-to-equity ratio of 2.22, a current ratio of 2.33 and a quick ratio of 2.33. The company's 50 day moving average price is $0.28 and its 200-day moving average price is $0.35. Office Properties Income Trust has a 52-week low of $0.18 and a 52-week high of $2.44. The stock has a market capitalization of $41.93 million, a price-to-earnings ratio of 0.85 and a beta of 1.61.

Office Properties Income Trust (NASDAQ:OPI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of ($0.51) by $0.64. Office Properties Income Trust had a negative return on equity of 25.56% and a negative net margin of 62.99%.The business had revenue of $114.50 million for the quarter, compared to the consensus estimate of $110.44 million.

Institutional Investors Weigh In On Office Properties Income Trust

Hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC grew its stake in shares of Office Properties Income Trust by 5.6% during the 4th quarter. Jane Street Group LLC now owns 360,790 shares of the company's stock worth $361,000 after purchasing an additional 19,135 shares during the period. Tidal Investments LLC purchased a new stake in shares of Office Properties Income Trust during the 4th quarter worth about $30,000. Two Sigma Investments LP increased its stake in shares of Office Properties Income Trust by 39.3% in the 4th quarter. Two Sigma Investments LP now owns 307,900 shares of the company's stock valued at $308,000 after purchasing an additional 86,826 shares in the last quarter. Tiptree Advisors LLC purchased a new position in shares of Office Properties Income Trust in the 4th quarter valued at about $49,000. Finally, Aristeia Capital L.L.C. increased 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 valued at $164,000 after buying an additional 203,898 shares in the last quarter. 64.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Office Properties Income Trust to a "sell" rating in a research note on Saturday.

Read Our Latest Analysis on Office Properties Income Trust

Office Properties Income Trust Company Profile

(Get Free Report)

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.

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