Orchid Island Capital, Inc. (NYSE:ORC) Short Interest Update

Orchid Island Capital, Inc. (NYSE:ORC - Get Free Report) was the recipient of a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 3,880,000 shares, a drop of 37.9% from the January 31st total of 6,250,000 shares. Currently, 4.2% of the company's shares are sold short. Based on an average daily trading volume, of 2,500,000 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. State of Wyoming boosted its stake in Orchid Island Capital by 622.2% during the fourth quarter. State of Wyoming now owns 48,815 shares of the real estate investment trust's stock worth $380,000 after acquiring an additional 42,056 shares in the last quarter. ProShare Advisors LLC boosted its position in shares of Orchid Island Capital by 63.8% in the 4th quarter. ProShare Advisors LLC now owns 22,162 shares of the real estate investment trust's stock worth $172,000 after purchasing an additional 8,633 shares in the last quarter. Millennium Management LLC boosted its position in shares of Orchid Island Capital by 1.1% in the 4th quarter. Millennium Management LLC now owns 309,480 shares of the real estate investment trust's stock worth $2,408,000 after purchasing an additional 3,354 shares in the last quarter. Deutsche Bank AG grew its stake in shares of Orchid Island Capital by 17.6% in the 4th quarter. Deutsche Bank AG now owns 36,869 shares of the real estate investment trust's stock worth $287,000 after buying an additional 5,530 shares during the last quarter. Finally, Centiva Capital LP increased its position in Orchid Island Capital by 82.4% during the 4th quarter. Centiva Capital LP now owns 50,881 shares of the real estate investment trust's stock valued at $396,000 after buying an additional 22,987 shares in the last quarter. 32.74% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on ORC shares. JMP Securities restated a "market perform" rating on shares of Orchid Island Capital in a report on Thursday, January 23rd. StockNews.com raised shares of Orchid Island Capital from a "sell" rating to a "hold" rating in a research report on Monday, February 24th.

Orchid Island Capital Price Performance

ORC traded up $0.10 on Wednesday, hitting $8.38. The company had a trading volume of 2,432,083 shares, compared to its average volume of 3,012,896. The stock has a fifty day simple moving average of $8.19 and a 200-day simple moving average of $8.06. The firm has a market capitalization of $781.34 million, a P/E ratio of 13.96 and a beta of 1.83. Orchid Island Capital has a 52-week low of $7.41 and a 52-week high of $9.08.

Orchid Island Capital (NYSE:ORC - Get Free Report) last released its earnings results on Thursday, January 30th. The real estate investment trust reported $0.05 EPS for the quarter, beating analysts' consensus estimates of ($0.03) by $0.08. Equities research analysts expect that Orchid Island Capital will post 0.37 earnings per share for the current fiscal year.

Orchid Island Capital Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.12 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 17.19%. The ex-dividend date of this dividend is Friday, February 28th. Orchid Island Capital's dividend payout ratio (DPR) is presently 240.00%.

About Orchid Island Capital

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.