<div id="readability-page-1"><p>Orchid Island Capital, Inc. (NYSE:ORC - Get Free Report) saw a significant decline in short interest during the month of April. As of April 15th, there was short interest totaling 13,628,583 shares,  a decline of 27.7% from the March 31st total of 18,841,769 shares. Based on an average trading volume of 4,714,658 shares, the short-interest ratio is currently 2.9 days. Currently, 6.8% of the shares of the stock are sold short.</p><div><p><span></span><span>Get <strong>Orchid Island Capital</strong> alerts:</span></p></div><h2>Orchid Island Capital Price Performance</h2><ul><li>Bloom Energy May Be Solving AI’s Biggest Power Problem</li></ul><p>Shares of NYSE ORC traded up $0.06 during trading on Friday, reaching $7.09. The company had a trading volume of 5,023,718 shares, compared to its average volume of 6,190,117. Orchid Island Capital has a 52 week low of $6.62 and a 52 week high of $8.40. The stock has a market cap of $1.42 billion, a PE ratio of 9.45 and a beta of 1.58. The company has a debt-to-equity ratio of 0.26, a quick ratio of 509.34 and a current ratio of 509.34. The business's 50 day moving average price is $7.18 and its 200-day moving average price is $7.38. </p><p>Orchid Island Capital (NYSE:ORC - Get Free Report) last announced its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.26 earnings per share for the quarter, hitting analysts' consensus estimates of $0.26. The company had revenue of ($12.56) million during the quarter, compared to the consensus estimate of $33.03 million. </p><h2>Orchid Island Capital Cuts Dividend</h2><ul><li>MongoDB Could Be Setting Up for a Sharp Earnings Rebound</li></ul><p>The firm also recently declared a monthly dividend, which will be paid on Thursday, May 28th. Investors of record on Thursday, April 30th will be paid a dividend of $0.10 per share. This represents a c) dividend on an annualized basis and a dividend yield of 16.9%. The ex-dividend date of this dividend is Thursday, April 30th. Orchid Island Capital's payout ratio is 160.00%. </p><h2>Institutional Investors Weigh In On Orchid Island Capital</h2><p>A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of  Orchid Island Capital by 23.4% during the fourth quarter. Vanguard Group Inc. now owns 9,767,670 shares of the real estate investment trust's stock worth $70,327,000 after buying an additional 1,850,221 shares during the last quarter.  MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of  Orchid Island Capital by 3.9% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,953,916 shares of the real estate investment trust's stock worth $27,717,000 after buying an additional 149,251 shares during the last quarter.  Geode Capital Management LLC raised its stake in shares of  Orchid Island Capital by 25.6% during the fourth quarter. Geode Capital Management LLC now owns 3,903,240 shares of the real estate investment trust's stock worth $28,109,000 after buying an additional 795,210 shares during the last quarter.  Invesco Ltd. raised its stake in shares of  Orchid Island Capital by 10.3% during the third quarter. Invesco Ltd. now owns 3,165,436 shares of the real estate investment trust's stock worth $22,190,000 after buying an additional 294,547 shares during the last quarter.  Finally, State Street Corp raised its stake in shares of  Orchid Island Capital by 18.8% during the fourth quarter. State Street Corp now owns 3,059,581 shares of the real estate investment trust's stock worth $22,394,000 after buying an additional 484,209 shares during the last quarter. 32.74% of the stock is owned by institutional investors. </p><h2>Analyst Ratings Changes</h2><ul><li>Is Oracle Undervalued as Cloud Growth Accelerates?</li></ul><p>ORC has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Orchid Island Capital from a &#34;sell&#34; rating to a &#34;hold&#34; rating in a research note on Monday. Weiss Ratings downgraded shares of Orchid Island Capital from a &#34;hold (c-)&#34; rating to a &#34;sell (d+)&#34; rating in a research note on Monday, April 6th. One equities research analyst  has rated the stock with a Hold rating and one  has assigned  a Sell rating to the company's stock. According to data from MarketBeat.com, Orchid Island Capital currently has an average rating of &#34;Reduce&#34; and an average price target of $7.50.</p><p><b>Check Out Our Latest Stock Report on ORC</b></p><h2>About Orchid Island Capital</h2> (Get Free Report)<p>Orchid Island Capital is a real estate investment trust that specializes in investing in residential mortgage‐backed securities (RMBS), with a primary focus on mortgage pass‐through securities guaranteed by the Government National Mortgage Association (Ginnie Mae). Structured to elect and maintain status as a REIT under the U.S. Internal Revenue Code, the company's principal business strategy involves acquiring pools of U.S. residential mortgages in the secondary market and holding them to generate interest income.</p><h2>See Also</h2><ul><li>Five stocks we like better than Orchid Island Capital</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Orchid Island Capital Right Now?</h2><p>Before you consider Orchid Island Capital, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Orchid Island Capital wasn't on the list.</p><p>While Orchid Island Capital currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Orchid Island Capital, Inc. (NYSE:ORC) experienced a 27.7% drop in short interest in April, totaling 13,628,583 shares. This decline reflects approximately 6.8% of the company's stock being short sold. The days-to-cover ratio stands at 2.9 days based on an average trading volume of 4,714,658 shares. The stock traded at $7.09, with a market cap of $1.42 billion and a PE ratio of 9.45. The company recently declared a monthly dividend of $0.10 per share, yielding 16.9%. Institutional investors hold 32.74% of the stock, with various firms increasing their stakes.</p>

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Short Interest in Orchid Island Capital, Inc. (NYSE:ORC) Drops By 27.7%