Office Properties Income Trust (NASDAQ:OPINL) Sees Large Growth in Short Interest

Office Properties Income Trust (NASDAQ:OPINL) was the target of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 7,100 shares, an increase of 29.1% from the November 30th total of 5,500 shares. Based on an average daily trading volume, of 24,000 shares, the days-to-cover ratio is currently 0.3 days.

Office Properties Income Trust Stock Up 6.0 %

Shares of OPINL traded up $0.70 during mid-day trading on Tuesday, reaching $12.45. The company had a trading volume of 36,240 shares, compared to its average volume of 28,059. Office Properties Income Trust has a 52-week low of $9.62 and a 52-week high of $14.90. The stock has a 50 day moving average of $12.10 and a two-hundred day moving average of $12.04.

Office Properties Income Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, December 1st. Shareholders of record on Friday, November 15th were given a $0.3984 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.59 annualized dividend and a yield of 12.80%.

Office Properties Income Trust Company Profile

OPI is a national REIT focused on owning and leasing high quality office and mixed-use properties in select growth-oriented U.S. markets. As of December 31, 2023, approximately 64% of OPI’s revenues were from investment grade rated tenants. OPI owned 152 properties as of December 31, 2023, with approximately 20.5 million square feet located in 30 states and Washington, DC In 2023, OPI was named as an Energy Star® Partner of the Year for the sixth consecutive year.