Orchid Island Capital, Inc. (NYSE:ORC) Short Interest Down 16.3% in January

Orchid Island Capital, Inc. (NYSE:ORC - Get Free Report) was the recipient of a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 7,190,000 shares, a drop of 16.3% from the December 31st total of 8,590,000 shares. Based on an average daily volume of 2,100,000 shares, the short-interest ratio is presently 3.4 days. Currently, 9.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ORC. Proficio Capital Partners LLC purchased a new position in shares of Orchid Island Capital during the 4th quarter worth $82,000. Los Angeles Capital Management LLC purchased a new position in Orchid Island Capital during the fourth quarter worth about $646,000. Bank of New York Mellon Corp boosted its stake in Orchid Island Capital by 11.2% in the 4th quarter. Bank of New York Mellon Corp now owns 177,894 shares of the real estate investment trust's stock worth $1,384,000 after buying an additional 17,968 shares during the last quarter. Rhumbline Advisers grew its holdings in Orchid Island Capital by 18.7% in the 4th quarter. Rhumbline Advisers now owns 111,002 shares of the real estate investment trust's stock valued at $864,000 after buying an additional 17,493 shares during the period. Finally, Van ECK Associates Corp increased its stake in shares of Orchid Island Capital by 12.5% during the 4th quarter. Van ECK Associates Corp now owns 782,255 shares of the real estate investment trust's stock valued at $6,086,000 after acquiring an additional 87,124 shares during the last quarter. 32.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, JMP Securities reaffirmed a "market perform" rating on shares of Orchid Island Capital in a report on Thursday, January 23rd.

Orchid Island Capital Price Performance

ORC traded up $0.01 during trading on Wednesday, reaching $8.30. 2,315,463 shares of the stock were exchanged, compared to its average volume of 2,975,298. The company has a market capitalization of $662.36 million, a price-to-earnings ratio of 13.83 and a beta of 1.83. Orchid Island Capital has a 1 year low of $7.41 and a 1 year high of $9.08. The business's 50 day moving average price is $7.92 and its two-hundred day moving average price is $7.99.

Orchid Island Capital (NYSE:ORC - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.08. On average, analysts anticipate that Orchid Island Capital will post 0.22 EPS for the current year.

Orchid Island Capital Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, February 27th. Investors of record on Friday, January 31st will be paid a $0.12 dividend. This represents a $1.44 annualized dividend and a yield of 17.36%. The ex-dividend date is Friday, January 31st. Orchid Island Capital's payout ratio is 240.00%.

Orchid Island Capital Company Profile

Orchid Island Capital, Inc, a specialty finance company, invests in residential mortgage-backed securities (RMBS) in the United States. The company's RMBS is backed by single-family residential mortgage loans, referred as Agency RMBS. Its portfolio includes traditional pass-through Agency RMBS, such as mortgage pass through certificates and collateralized mortgage obligations; and structured Agency RMBS comprising interest only securities, inverse interest only securities, and principal only securities.