In a filing, Orchid Island Capital Inc revealed its Chief Financial Officer Haas G Hunter IV acquired Company’s shares for reported $18879.0 on Dec 20 ’23. In the deal valued at $8.61 per share,2,194 shares were bought. As a result of this transaction, Haas G Hunter IV now holds 52,450 shares worth roughly $0.46 million.
Then, Haas G Hunter IV sold 2,194 shares, generating $18,878 in total proceeds. Upon selling the shares at $8.60, the Chief Financial Officer now owns 50,256 shares.
Before that, Cauley Robert E bought 15,000 shares. Orchid Island Capital Inc shares valued at $111,050 were divested by the Chief Executive Officer at a price of $7.40 per share. As a result of the transaction, Cauley Robert E now holds 112,309 shares, worth roughly $0.98 million.
Ladenburg Thalmann downgraded its Orchid Island Capital Inc [ORC] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including JMP Securities’s analysts, who began to cover the stock in mid January with a ‘”a Mkt perform”‘ rating. Ladenburg Thalmann also remained covering ORC and has increased its forecast on October 30, 2020 with a “Buy” recommendation from previously “Neutral” rating. Maxim Group revised its rating on February 17, 2017. It rated ORC as “a Hold” which previously was an “a Buy”.
Price Performance Review of ORC
On Friday, Orchid Island Capital Inc [NYSE:ORC] saw its stock jump 0.35% to $8.70. Over the last five days, the stock has lost -2.58%. Orchid Island Capital Inc shares have risen nearly 3.20% since the year began. Nevertheless, the stocks have fallen -19.29% over the past one year. While a 52-week high of $11.27 was reached on 03/26/24, a 52-week low of $5.90 was recorded on 02/13/24. SMA at 50 days reached $8.53, while 200 days put it at $8.66. A total of 0.62 million shares were traded, compared to the trading of 0.72 million shares in the previous session.
Levels Of Support And Resistance For ORC Stock
The 24-hour chart illustrates a support level at 8.59, which if violated will result in even more drops to 8.49. On the upside, there is a resistance level at 8.78. A further resistance level may holdings at 8.87. The Relative Strength Index (RSI) on the 14-day chart is 49.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.51%. Stochastics %K at 29.33% indicates the stock is a holding.
How much short interest is there in Orchid Island Capital Inc?
A steep rise in short interest was recorded in Orchid Island Capital Inc stocks on Mar 15, 2024, growing by 0.22 million shares to a total of 3.98 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 3.76 million shares. There was a rise of 5.53%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 7.77% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.3.
The most recent change occurred on July 13, 2015 when Maxim Group resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $11.50.
