Owens Realty Mortgage Inc (ORM) Sees Significant Increase in Short Interest

Owens Realty Mortgage Inc (NYSEAMERICAN:ORM) was the recipient of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 148,322 shares, a growth of 20.7% from the October 15th total of 122,836 shares. Approximately 1.8% of the company’s stock are short sold. Based on an average daily trading volume, of 11,532 shares, the short-interest ratio is currently 12.9 days.

Hedge funds have recently made changes to their positions in the business. Bank of America Corp DE grew its holdings in Owens Realty Mortgage by 316.0% during the 2nd quarter. Bank of America Corp DE now owns 9,764 shares of the financial services provider’s stock worth $163,000 after acquiring an additional 7,417 shares in the last quarter. Jane Street Group LLC acquired a new position in Owens Realty Mortgage during the 2nd quarter worth $243,000. JPMorgan Chase & Co. acquired a new position in Owens Realty Mortgage during the 3rd quarter worth $267,000. First Republic Investment Management Inc. grew its holdings in Owens Realty Mortgage by 88.2% during the 2nd quarter. First Republic Investment Management Inc. now owns 21,536 shares of the financial services provider’s stock worth $359,000 after acquiring an additional 10,093 shares in the last quarter. Finally, Marquette Asset Management LLC acquired a new position in Owens Realty Mortgage during the 2nd quarter worth $411,000.

Owens Realty Mortgage stock traded up $0.54 during midday trading on Friday, hitting $19.97. 264,486 shares of the stock were exchanged, compared to its average volume of 31,110. Owens Realty Mortgage has a 1 year low of $13.71 and a 1 year high of $20.32.

Owens Realty Mortgage (NYSEAMERICAN:ORM) last released its quarterly earnings results on Wednesday, November 7th. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.06. The firm had revenue of $4.72 million for the quarter.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Shareholders of record on Friday, September 28th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.01%. The ex-dividend date of this dividend was Thursday, September 27th.

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Owens Realty Mortgage Company Profile

Owens Realty Mortgage, Inc, a real estate investment trust, focuses on the origination, investment, and management of commercial real estate loans primarily in the Western United States. The company invests in first, second, and third mortgage and deed of trust loans; wraparound and participating mortgage and deed of trust loans; construction mortgage and deed of trust loans on real property; and loans on leasehold interest mortgages and deeds of trust.

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