Orion Group Holdings, Inc. (NYSE:ORN) Sees Significant Decrease in Short Interest

Orion Group Holdings, Inc. (NYSE:ORN - Get Free Report) was the recipient of a large decrease in short interest in the month of January. As of January 15th, there was short interest totalling 684,700 shares, a decrease of 19.6% from the December 31st total of 851,300 shares. Based on an average daily trading volume, of 412,700 shares, the short-interest ratio is currently 1.7 days.

Hedge Funds Weigh In On Orion Group

Several hedge funds have recently added to or reduced their stakes in ORN. Heck Capital Advisors LLC acquired a new position in shares of Orion Group in the 4th quarter valued at $49,000. Intech Investment Management LLC acquired a new position in Orion Group in the third quarter valued at $63,000. SG Americas Securities LLC purchased a new stake in shares of Orion Group in the third quarter valued at about $67,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Orion Group by 1,936.3% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 9,428 shares of the construction company's stock worth $69,000 after buying an additional 8,965 shares during the period. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of Orion Group during the fourth quarter worth about $108,000. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ORN shares. DA Davidson began coverage on shares of Orion Group in a research report on Friday, January 17th. They issued a "buy" rating and a $11.00 price target for the company. StockNews.com upgraded Orion Group from a "hold" rating to a "buy" rating in a report on Friday, November 1st.

Orion Group Stock Up 4.4 %

Shares of Orion Group stock traded up $0.34 during trading on Wednesday, hitting $8.13. 216,738 shares of the stock were exchanged, compared to its average volume of 424,963. The stock has a market cap of $316.30 million, a price-to-earnings ratio of -20.33, a price-to-earnings-growth ratio of 1.13 and a beta of 0.93. The firm's 50-day moving average price is $7.89 and its 200 day moving average price is $7.30. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.35 and a quick ratio of 1.33. Orion Group has a 12-month low of $5.23 and a 12-month high of $12.12.

About Orion Group

Orion Group Holdings, Inc operates as a specialty construction company in the building, industrial, and infrastructure sectors in the United States, Alaska, Hawaii, Canada, and the Caribbean Basin. It operates in two segments, Marine and Concrete. The company provides marine construction services, including construction, restoration, dredging, maintenance, and repair of marine transportation facilities and pipelines, bridges and causeways, and marine environmental structures.