Short Interest in Orion Group Holdings, Inc. (NYSE:ORN) Declines By 27.6%

Orion Group Holdings, Inc. (NYSE:ORN) saw a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 1,100,000 shares, a decline of 27.6% from the October 31st total of 1,520,000 shares. Based on an average daily trading volume, of 479,000 shares, the short-interest ratio is presently 2.3 days.

Orion Group Stock Down 0.6 %

Shares of ORN stock traded down $0.05 on Friday, hitting $8.72. The stock had a trading volume of 164,252 shares, compared to its average volume of 506,739. The stock’s 50 day moving average is $6.71 and its 200-day moving average is $7.89. The firm has a market capitalization of $339.21 million, a price-to-earnings ratio of -21.80, a P/E/G ratio of 3.67 and a beta of 0.80. Orion Group has a 52-week low of $4.09 and a 52-week high of $12.12. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.33 and a current ratio of 1.35.

Insider Activity

In other news, EVP Edward Chipman Earle bought 15,633 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was acquired at an average price of $6.05 per share, for a total transaction of $94,579.65. Following the acquisition, the executive vice president now owns 86,235 shares of the company’s stock, valued at $521,721.75. This trade represents a 22.14 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 7.30% of the company’s stock.

Hedge Funds Weigh In On Orion Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ORN. Lazard Asset Management LLC acquired a new position in shares of Orion Group in the first quarter worth about $41,000. Intech Investment Management LLC acquired a new position in shares of Orion Group in the 3rd quarter valued at approximately $63,000. SG Americas Securities LLC purchased a new position in shares of Orion Group during the 3rd quarter valued at approximately $67,000. Valmark Advisers Inc. purchased a new position in shares of Orion Group during the 2nd quarter valued at approximately $107,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Orion Group during the second quarter worth approximately $115,000. 70.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com upgraded Orion Group from a “hold” rating to a “buy” rating in a report on Friday, November 1st.

About Orion Group

Orion Group Holdings, Inc operates as a specialty construction company in the building, industrial, and infrastructure sectors in the United States, Alaska, Hawaii, Canada, and the Caribbean Basin. It operates in two segments, Marine and Concrete. The company provides marine construction services, including construction, restoration, dredging, maintenance, and repair of marine transportation facilities and pipelines, bridges and causeways, and marine environmental structures.