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

Office Properties Income Trust (NASDAQ:OPI – Get Free Report) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 312,985 shares, a growth of 253.8% from the September 15th total of 88,471 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 126,193 shares, the days-to-cover ratio is currently 2.5 days.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Wall Street Zen raised shares of Office Properties Income Trust to a “hold” rating in a research note on Sunday, July 12th. Weiss Ratings cut shares of Office Properties Income Trust from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, September 16th. Finally, Odeon Capital Group initiated coverage on shares of Office Properties Income Trust in a report on Tuesday, July 7th. They set a “buy” rating and a $27.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $27.00.

Check Out Our Latest Report on OPI

Insider Activity

In other news, major shareholder Redwood Capital Management, Ll sold 175,734 shares of Office Properties Income Trust stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $19.03, for a total transaction of $3,344,218.02. Following the completion of the sale, the insider owned 3,961,992 shares in the company, valued at $75,396,707.76. The trade was a 4.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders have sold 365,529 shares of company stock valued at $7,066,249.

Office Properties Income Trust Price Performance

Shares of OPI stock traded down $0.26 on Monday, hitting $15.26. The stock had a trading volume of 34,046 shares, compared to its average volume of 102,935. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.29. Office Properties Income Trust has a twelve month low of $14.64 and a twelve month high of $27.80. The company has a fifty day simple moving average of $17.34.

Office Properties Income Trust (NASDAQ:OPI – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported ($35.94) EPS for the quarter. The company had revenue of $98.47 million during the quarter.

Office Properties Income Trust Company Profile

(Get Free Report)

Office Properties Income Trust (NASDAQ: OPI) is a real estate investment trust focused on owning, leasing and managing office properties in the United States. Its portfolio has historically included buildings occupied by government entities, corporate tenants and other organizations, with properties located across a range of U.S. markets.

The company generates revenue primarily through rental income from office space. Its properties may include traditional office buildings, headquarters facilities and specialized government-occupied workplaces.

See Also

Receive News & Ratings for Office Properties Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Office Properties Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.