As published in their initiating research note from Janney on June 06, 2024, Orchid Island Capital Inc [ORC] has been a Buy and the price target has been revised to $9.50. Analysts at Ladenburg Thalmann downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early August. As of January 12, 2022, JMP Securities has initiated its “Mkt perform” rating for ORC. Earlier on October 30, 2020, Ladenburg Thalmann upgraded its rating. Their new recommendation was “a Buy” for ORC stock which previously was a “a Neutral”.
Analyzing ORC Stock Performance
On last trading session,, Orchid Island Capital Inc [NYSE: ORC] rose 0.85% to $7.1. The stock’s lowest price that day was $7.02, but it reached a high of $7.11 in the same session. During the last five days, there has been a surge of approximately 1.28%. Over the course of the year, Orchid Island Capital Inc shares have dropped approximately -14.87%. Shares of the company reached a 52-week high of $9.01 on 02/21/25 and a 52-week low of $5.68 on 04/09/25.
Support And Resistance Levels for Orchid Island Capital Inc (ORC)
According to the 24-hour chart, there is a support level at 7.04, which, if violated, would cause prices to drop to 6.99. In the upper region, resistance lies at 7.13. The next price resistance is at 7.17. RSI (Relative Strength Index) is 54.49 on the 14-day chart, showing neutral technical sentiment.
Is Orchid Island Capital Inc subject to short interest?
Stocks of Orchid Island Capital Inc saw a sharp rise in short interest on 2025-06-13 jumping by 0.16 million shares to 4.68 million. Data from Yahoo Finance shows that the short interest on 2025-05-15 was 4.52 million shares. A jump of 3.41% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.3 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.3.
