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

Office Properties Income Trust (NASDAQ:OPINL) saw a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 4,000 shares, a drop of 38.5% from the February 13th total of 6,500 shares. Based on an average daily trading volume, of 13,700 shares, the days-to-cover ratio is currently 0.3 days.

Office Properties Income Trust Stock Performance

NASDAQ OPINL traded down $0.19 during trading hours on Friday, reaching $9.53. The company’s stock had a trading volume of 8,257 shares, compared to its average volume of 14,140. The business has a 50-day simple moving average of $11.41 and a 200 day simple moving average of $12.35. Office Properties Income Trust has a 52 week low of $9.39 and a 52 week high of $14.90.

Office Properties Income Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 1st. Investors 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 dividend on an annualized basis and a yield of 16.72%.

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.