Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Orchid Island Capital Inc shares valued at $18,879 were purchased by Haas G Hunter IV on Dec 20 ’23. At $8.61 per share, Haas G Hunter IV acquired 2,194 shares. The insider’s holdings grew to 52,450 shares worth approximately $0.47 million following the completion of this transaction.
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Also, Haas G Hunter IV sold 2,194 shares, netting a total of over 18,878 in proceeds. Following the sale of shares at $8.60 each, the insider now holds 50,256 shares.
Before that, Cauley Robert E had added 15,000 shares to its account. In a trade valued at $111,050, the Chief Executive Officer bought Orchid Island Capital Inc shares for $7.40 each. Upon closing the transaction, the insider’s holdings increased to 15,000 shares, worth approximately $1.0 million.
As published in a research note from Ladenburg Thalmann on August 08, 2022, Orchid Island Capital Inc [ORC] has been rated down from a Buy to a Neutral. Analysts at JMP Securities started covering the stock with ‘”a Mkt perform”‘ outlook in a report released in mid January. As of October 30, 2020, Ladenburg Thalmann has increased its “Neutral” rating to a “Buy” for ORC. Earlier on February 17, 2017, Maxim Group downgraded its rating. Their new recommendation was “a Hold” for ORC stock which previously was a “a Buy”.
Analyzing ORC Stock Performance
During the last five days, there has been a surge of approximately 4.32%. Over the course of the year, Orchid Island Capital Inc shares have jumped approximately 5.93%. Shares of the company reached a 52-week high of $9.02 on 03/21/24 and a 52-week low of $7.89 on 02/13/24. A 50-day SMA is recorded $8.48, while a 200-day SMA reached $8.73. Nevertheless, trading volume fell to 1.26 million shares from 0.8 million shares the previous day.
Support And Resistance Levels for Orchid Island Capital Inc (ORC)
According to the 24-hour chart, there is a support level at 8.86, which, if violated, would cause prices to drop to 8.79. In the upper region, resistance lies at 9.01. The next price resistance is at 9.09. RSI (Relative Strength Index) is 62.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.20, which suggests the price will decrease in the coming days. Percent R is at 14.52%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Is Orchid Island Capital Inc subject to short interest?
Stocks of Orchid Island Capital Inc saw a sharp rise in short interest on Feb 29, 2024 jumping by 0.97 million shares to 4.38 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 3.41 million shares. A jump of 22.15% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.34 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.34.
