Office Properties Income Trust (NASDAQ:OPI) shares, rose in value on Wednesday, April 16, with the stock price down by -9.59% to the previous day’s close as strong demand from buyers drove the stock to $0.33.
Actively observing the price movement in the last trading, the stock closed the session at $0.36, falling within a range of $0.3154 and $0.3875. The value of beta (5-year monthly) was 1.549. Referring to stock’s 52-week performance, its high was $3.02, and the low was $0.33. On the whole, OPI has fluctuated by -55.01% over the past month.
With the market capitalization of Office Properties Income Trust currently standing at about $22.72 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Oct-29. The company’s Forward Dividend Ratio is 0.04, with its dividend yield at 12.29%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that OPI’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of OPI currently trading nearly -25.93% and -53.98% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 24.00, while the 7-day volatility ratio is showing 12.98% which for the 30-day chart, stands at 13.38%. Furthermore, Office Properties Income Trust (OPI)’s beta value is 1.69, and its average true range (ATR) is 0.06.
A comparison of Office Properties Income Trust (OPI) with its peers suggests the former has fared considerably weaker in the market. OPI showed an intraday change of -9.59% in last session, and over the past year, it shrunk by -83.05%%.
Data on historical trading for Office Properties Income Trust (NASDAQ:OPI) indicates that the trading volumes over the past 10 days have averaged 0.77 and over the past 3 months, they’ve averaged 715.10K. According to company’s latest data on outstanding shares, there are 69.82 million shares outstanding.
Nearly 1.87% of Office Properties Income Trust’s shares belong to company insiders and institutional investors own 50.64% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.06 million shares as on 2025-03-31, resulting in a short ratio of 4.84. According to the data, the short interest in Office Properties Income Trust (OPI) stood at 738.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 5.18 million. The stock has fallen by -67.45% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the OPI stock heading into the next quarter.
