Obayashi Corporation (OTCMKTS:OBYCF) Sees Significant Growth in Short Interest

Key Points

• Obayashi Corporation experienced a 41.8% increase in short interest in September, with a total of 1,041,600 shares shorted as of September 30th.
• For the latest quarter, Obayashi reported earnings per share of $0.09, missing expectations of $0.16, alongside revenue of $3.63 billion, below analyst predictions of $3.97 billion.
• The company's stock is trading at $18.01 with a market capitalization of $12.99 billion and a PE ratio of 14.07.

Obayashi Corporation (OTCMKTS:OBYCF - Get Free Report) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 1,041,600 shares, an increase of 41.8% from the September 15th total of 734,800 shares. Based on an average daily volume of 600 shares, the days-to-cover ratio is presently 1,736.0 days. Based on an average daily volume of 600 shares, the days-to-cover ratio is presently 1,736.0 days.

Obayashi Price Performance

OBYCF remained flat at $18.01 during trading on Thursday. The company's stock had a trading volume of 74 shares, compared to its average volume of 287. The company has a market capitalization of $12.99 billion, a PE ratio of 14.07 and a beta of 0.37. The company's 50 day moving average price is $16.47 and its 200 day moving average price is $15.38. Obayashi has a 52-week low of $13.83 and a 52-week high of $18.01. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.22.

Obayashi (OTCMKTS:OBYCF - Get Free Report) last posted its earnings results on Friday, August 8th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.07). The company had revenue of $3.63 billion for the quarter, compared to analysts' expectations of $3.97 billion. Obayashi had a return on equity of 7.36% and a net margin of 5.35%.

About Obayashi

Obayashi Corporation engages in the construction business in Japan, North America, Asia, the Middle East, Europe, and Oceania. The company constructs buildings, including offices, condominiums, commercial facilities, factories, hospitals, and schools; and civil engineering projects, such as tunnels, bridges, dams, river works, urban civil engineering structures, railroads, and expressways.

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