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Short Interest in OBIC CO (OTCMKTS:OBIIF) Increases By 84.9%

OBIC logo with Computer and Technology background

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.
  • Interested in Obic? Here are five stocks we like better.

OBIC CO (OTCMKTS:OBIIF - Get Free Report) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 1,284,500 shares, anincreaseof84.9% from the July 15th total of 694,600 shares. Currently,0.3% of the shares of the stock are short sold. Based on an average daily volume of 300 shares, the days-to-cover ratio is currently 4,281.7 days. Based on an average daily volume of 300 shares, the days-to-cover ratio is currently 4,281.7 days. Currently,0.3% of the shares of the stock are short sold.

Obic Stock Performance

Shares of OTCMKTS OBIIF remained flat at $34.50 during trading on Friday. OBIC has a 1-year low of $26.30 and a 1-year high of $40.09. The business has a 50-day simple moving average of $36.43 and a 200 day simple moving average of $32.34. The firm has a market capitalization of $15.18 billion, a price-to-earnings ratio of 37.91 and a beta of 0.62.

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

About OBIC

(Get Free Report)

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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