As this happened, 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 -0.38% to $7.85. Over the last five days, the stock has gained 0.51%. Orchid Island Capital Inc shares have risen nearly 0.90% since the year began. Nevertheless, the stocks have fallen -5.42% over the past one year. While a 52-week high of $9.08 was reached on 01/03/25, a 52-week low of $7.41 was recorded on 01/02/25. SMA at 50 days reached $7.84, while 200 days put it at $8.21.
Levels Of Support And Resistance For ORC Stock
The 24-hour chart illustrates a support level at 7.78, which if violated will result in even more drops to 7.72. On the upside, there is a resistance level at 7.94. A further resistance level may holdings at 8.03. The Relative Strength Index (RSI) on the 14-day chart is 47.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.71%. Stochastics %K at 41.03% 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 2024-12-13, dropping by -0.22 million shares to a total of 5.93 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 6.15 million shares. There was a decline of -3.72%, which implies that there is a negative sentiment for the stock.
