Office Depot Inc (NASDAQ:ODP) saw a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 21,110,000 shares, a growth of 14.7% from the January 15th total of 18,400,000 shares. Based on an average daily trading volume, of 6,370,000 shares, the days-to-cover ratio is currently 3.3 days. Currently, 3.9% of the company’s shares are sold short.

Shares of ODP stock traded up $0.03 on Friday, reaching $2.45. 6,002,400 shares of the stock were exchanged, compared to its average volume of 4,567,932. The company has a quick ratio of 0.77, a current ratio of 1.10 and a debt-to-equity ratio of 0.83. The stock has a market cap of $1.32 billion, a P/E ratio of 40.84, a price-to-earnings-growth ratio of 0.50 and a beta of 2.63. The firm has a 50 day moving average of $2.46 and a two-hundred day moving average of $2.06. Office Depot has a 1-year low of $1.23 and a 1-year high of $3.82.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Monday, March 2nd will be issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date is Friday, February 28th. Office Depot’s payout ratio is currently 28.57%.

A number of hedge funds have recently bought and sold shares of the business. Sage Rhino Capital LLC acquired a new stake in shares of Office Depot in the fourth quarter worth $28,000. Carolina Wealth Advisors LLC purchased a new position in shares of Office Depot in the 4th quarter valued at $30,000. Cresset Asset Management LLC purchased a new position in shares of Office Depot in the 4th quarter valued at $42,000. Dorsey & Whitney Trust CO LLC acquired a new position in shares of Office Depot during the 4th quarter valued at $47,000. Finally, Jacobs Levy Equity Management Inc. acquired a new position in shares of Office Depot during the 4th quarter valued at $53,000. 90.59% of the stock is owned by hedge funds and other institutional investors.

ODP has been the subject of a number of recent analyst reports. BidaskClub downgraded shares of Office Depot from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. ValuEngine raised shares of Office Depot from a “sell” rating to a “hold” rating in a research report on Friday, January 10th.

Office Depot Company Profile

Office Depot, Inc provides business services and supplies, products, and technology solutions. The company operates in three divisions: Business Solutions, Retail, and CompuCom. The Business Solutions division offers office supply products and services through sales forces, catalogs, and telesales, as well as through Internet Websites in the United States, Puerto Rico, U.S.

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