Office Properties Income Trust (NASDAQ:OPINL) Short Interest Update

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

Office Properties Income Trust Price Performance

Shares of OPINL traded down $0.21 during mid-day trading on Wednesday, hitting $9.07. The company had a trading volume of 18,940 shares, compared to its average volume of 22,020. Office Properties Income Trust has a 1-year low of $9.07 and a 1-year high of $14.90. The business’s 50-day simple moving average is $10.95 and its 200-day simple moving average is $12.14.

Office Properties Income Trust Cuts Dividend

The firm also recently declared 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 of this dividend was Friday, February 14th. This represents a $1.59 dividend on an annualized basis 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.