Short Interest in Office Properties Income Trust (NASDAQ:OPI) Grows By 1,743.2%

Office Properties Income Trust (NASDAQ:OPI) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 145,099 shares, an increase of 1,743.2% from the June 30th total of 7,872 shares. Based on an average trading volume of 786,836 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on OPI shares. Odeon Capital Group started coverage on Office Properties Income Trust in a research note on Tuesday, July 7th. They issued a “buy” rating and a $27.00 price target on the stock. Wall Street Zen raised Office Properties Income Trust to a “hold” rating in a research note on Sunday, July 12th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $27.00.

Office Properties Income Trust Trading Up 1.7%

OPI traded up $0.31 during mid-day trading on Friday, hitting $18.37. The stock had a trading volume of 18,320 shares, compared to its average volume of 796,562. The firm has a market cap of $1.36 billion, a PE ratio of -3.75 and a beta of 1.71. Office Properties Income Trust has a 1-year low of $15.14 and a 1-year high of $27.80. The company has a debt-to-equity ratio of 2.22, a quick ratio of 2.33 and a current ratio of 2.33.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Office Properties Income Trust stock. Tidal Investments LLC grew its holdings in Office Properties Income Trust (NASDAQ:OPI) by 308.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 122,785 shares of the company’s stock after acquiring an additional 92,699 shares during the quarter. Tidal Investments LLC owned 0.17% of Office Properties Income Trust worth $30,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 64.41% of the company’s stock.

Office Properties Income Trust Company Profile

Office Properties Income Trust (NASDAQ: OPI) is a real estate investment trust formed to acquire, own and manage single-tenant, net-leased office properties across the United States. Organized as a Maryland REIT, the company completed its initial public offering in 2020 and trades on the NASDAQ under the ticker “OPI.” Its investment strategy centers on free-standing office buildings leased on long-term, triple-net leases to creditworthy tenants, offering predictable cash flows and limited operational exposure.

The trust’s core activities include sourcing and underwriting acquisitions, overseeing property management and structuring lease agreements that transfer most property expenses to tenants.