OBIC CO (OTCMKTS:OBIIF) Short Interest Update

Key Points

• OBIC CO (OTCMKTS:OBIIF) experienced an 84.9% increase in short interest in July, reaching a total of 1,284,500 shares.
• The company's stock price remained flat at $34.50, with a 52-week range of $26.30 to $40.09.
• In its latest quarterly earnings, OBIC reported $0.31 EPS, surpassing analyst expectations of $0.28, and achieved revenues of $225.04 million against estimates of $217.16 million.

OBIC CO (OTCMKTS:OBIIF - Get Free Report) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 1,284,500 shares, agrowthof84.9% from the July 15th total of 694,600 shares. Based on an average daily volume of 300 shares, the short-interest ratio is presently 4,281.7 days. Approximately0.3% of the company's shares are sold short. Approximately0.3% of the company's shares are sold short. Based on an average daily volume of 300 shares, the short-interest ratio is presently 4,281.7 days.

OBIC Price Performance

OTCMKTS:OBIIF remained flat at $34.50 during trading hours on Monday. OBIC has a fifty-two week low of $26.30 and a fifty-two week high of $40.09. The firm's fifty day simple moving average is $36.70 and its 200-day simple moving average is $32.20.

OBIC (OTCMKTS:OBIIF - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.03. The company had revenue of $225.04 million during the quarter, compared to analyst estimates of $217.16 million.

About OBIC

OBIC Co,Ltd., together with its subsidiaries, provides system integration, system support, office automation, and package software services. It offers system integration services, including developing ERP software products to provide integrated administrative systems comprising personnel, payroll, working condition management, marketing, and production systems, as well as related training courses.

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