Short Interest in Office Properties Income Trust (NASDAQ:OPINL) Grows By 407.5%

Office Properties Income Trust (NASDAQ:OPINL) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 20,300 shares, a growth of 407.5% from the February 28th total of 4,000 shares. Based on an average trading volume of 15,000 shares, the short-interest ratio is currently 1.4 days.

Office Properties Income Trust Stock Down 2.3 %

Office Properties Income Trust stock traded down $0.21 during mid-day trading on Wednesday, reaching $9.07. 18,940 shares of the company were exchanged, compared to its average volume of 22,020. The firm’s 50-day simple moving average is $10.95 and its two-hundred day simple moving average is $12.14. Office Properties Income Trust has a twelve month low of $9.07 and a twelve month high of $14.90.

Office Properties Income Trust Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, March 1st. Shareholders of record on Saturday, February 15th were given a dividend of $0.3984 per share. The ex-dividend date was Friday, February 14th. This represents a $1.59 annualized dividend and a yield of 17.57%.

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.