Orchid Island Capital Inc’s recently made public that 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 $0.41 million.
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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.
Janney initiated its Orchid Island Capital Inc [ORC] rating to a Buy in a research note published on June 06, 2024; the price target was $9.50. A number of analysts have revised their coverage, including Ladenburg Thalmann’s analysts, who decreased its forecast for the stock in early August from “a Buy” to “a Neutral”. JMP Securities began covering ORC with “Mkt perform” recommendation on January 12, 2022. Ladenburg Thalmann revised its rating on October 30, 2020. It rated ORC as “a Buy” which previously was an “a Neutral”.
Price Performance Review of ORC
On Tuesday, Orchid Island Capital Inc [NYSE:ORC] saw its stock fall -1.63% to $7.86. Over the last five days, the stock has lost -0.76%. Orchid Island Capital Inc shares have fallen nearly -6.76% since the year began. Nevertheless, the stocks have risen 21.67% over the past one year. While a 52-week high of $9.08 was reached on 03/26/24, a 52-week low of $5.90 was recorded on 08/05/24. SMA at 50 days reached $8.11, while 200 days put it at $8.38.
Levels Of Support And Resistance For ORC Stock
The 24-hour chart illustrates a support level at 7.82, which if violated will result in even more drops to 7.78. On the upside, there is a resistance level at 7.94. A further resistance level may holdings at 8.02. The Relative Strength Index (RSI) on the 14-day chart is 42.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.46%. Stochastics %K at 63.51% 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 2024-09-30, growing by 1.02 million shares to a total of 5.01 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 3.99 million shares. There was a rise of 20.35%, which implies that there is a positive sentiment for the stock.
