Breaking News: Orchid Island Capital, Inc. (ORC) On A Technical Move, Learn Why

Orchid Island Capital, Inc. (ORC) has seen some recent action in the marketplace and its shares finished trading at $3.8300 yesterday. People are starting to take interest of ORC as the shares traded as high as $3.9500 and as low as $3.3700 in the previous market trading session.

Orchid Island Capital, Inc. (ORC) average trading volume is 1.90M. However, in the previous market trading session Orchid Island Capital, Inc. (ORC) traded 1,787,371 shares. The first downside support level on ORC is $3.71 and the first resistance level on ORC is $6.69. ORC 50day moving average is $3.4609 and ORC 200-day moving average is $5.0888.

Orchid Island Capital, Inc. (ORC) recent performance has been shown by the recent movement in ORC shares. ORC has performed 13.99% over the past 30 days, ORC has performed -38.42% over the past 90 days and ORC has shown -40.44% over the past 365 days. Orchid Island Capital, Inc. (ORC) has a 52 week range of $1.5300 to $6.9400. Orchid Island Capital, Inc. (ORC) is trading 150.33% from its 52 week low and -44.81% from its 52 week high. Orchid Island Capital, Inc. (ORC) is indicating a 3.95% short float indicating the quantity short in the float.

ORC has 63.36M shares outstanding and 63.36M shares in the float. Orchid Island Capital, Inc. (ORC) currently has a market cap of $242.67M and income of $-77.50M. The EPS next quarter for ORC is 0.21 and projected EPS net year is 1800.00%. The market cap of Orchid Island Capital, Inc. (ORC) at $242.67M signifies how many People own shares of ORC and is calculated off the last price ($3.8300) of ORC and the quantity of shares outstanding (63.36M) with Orchid Island Capital, Inc. (ORC).

Orchid Island Capital, Inc. (ORC) has total cash (mrq) of 164.06M, total cash per share (mrq) of 2.48, total debt of ORC rests at 2.84B and total debt/equity (mrq) is 921.76. Orchid Island Capital, Inc. (ORC) running cash flow (ttm) is 42.66M.

ORC is trading 2.68% above (bullish) its SMA20, 5.06% above (bullish) its SMA50 and -28.07% below (bearish) its SMA200.

Recent News:

In recent news, on May 13, 2020, Orchid Island Capital Announces May 2020 Monthly Dividend and April 30, 2020 RMBS Portfolio Characteristics. In this news it is stated, Orchid Island Capital, Inc. (the “Company”) (ORC) announced today that the Board of Directors (the “Board”) declared a monthly cash dividend for the month of May 2020. The dividend of $0.055 per share will be paid June 26, 2020, to holders of record of the Company’s common stock on May 29, 2020, with an ex-dividend date of May 28, 2020. The Company plans on announcing its next common stock dividend after the Board’s meeting on June 16, 2020.

About Orchid Island Capital, Inc. (ORC):

Orchid Island Capital, Inc. is a specialty finance company that invests in residential mortgage-backed securities the principal and interest payments of which are guaranteed by a U. S.