It's on us. Share your news here.

Orion Marine Group Incorporated (NYSE:ORN) Shorted Shares Decreased By 20.56%

Posted on May 5, 2016

By Franklin Staff,

The stock of Orion Marine Group Incorporated (NYSE:ORN) registered a decrease of 20.56% in short interest. ORN’s total short interest was 1.31 million shares in May as published by FINRA. Its down 20.56% from 1.64 million shares, reported previously. With 222,900 shares average volume, it will take short sellers 6 days to cover their ORN’s short positions. The short interest to Orion Marine Group Incorporated’s float is 4.91%. The stock is down 2.23% or $0.13 after the news, hitting $5.71 per share. About 2,058 shares traded hands. Orion Marine Group, Inc. (NYSE:ORN) has risen 1.39% since September 24, 2015 and is uptrending. It has underperformed by 5.50% the S&P500.

Orion Marine Group, Inc. is engaged in the heavy civil construction project management business. The company has a market cap of $157.80 million. The Firm specializes in marine construction. It currently has negative earnings. It provides a range of heavy civil marine construction services to federal agencies, state and municipal governments, and private commercial and industrial customers.

The institutional sentiment decreased to 1.11 in 2015 Q4. Its down 0.03, from 1.14 in 2015Q3. The ratio turned negative, as 21 funds sold all Orion Marine Group, Inc. shares owned while 24 reduced positions. 9 funds bought stakes while 41 increased positions. They now own 25.18 million shares or 5.61% more from 23.85 million shares in 2015Q3.

Van Den Berg Management I Inc holds 1.13% of its portfolio in Orion Marine Group, Inc. for 1.99 million shares. Grace & White Inc Ny owns 731,783 shares or 0.71% of their US portfolio. Moreover, Moab Capital Partners Llc has 0.46% invested in the company for 310,584 shares. The California-based Pacific Global Investment Management Co has invested 0.42% in the stock. Wall Street Associates, a California-based fund reported 314,300 shares.


It's on us. Share your news here.
Submit Your News Today

Join Our
Click to Subscribe