Optibase Ltd (NASDAQ:OBAS) Sees Large Decrease in Short Interest

Optibase Ltd (NASDAQ:OBAS) was the recipient of a large decrease in short interest in August. As of August 31st, there was short interest totalling 600 shares, a decrease of 64.7% from the July 31st total of 1,700 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 800 shares, the short-interest ratio is presently 0.8 days.

A hedge fund recently raised its stake in Optibase stock. Morgan Stanley grew its holdings in Optibase Ltd (NASDAQ:OBAS) by 18.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,500 shares of the financial services provider’s stock after purchasing an additional 999 shares during the period. Morgan Stanley owned about 0.12% of Optibase worth $69,000 as of its most recent SEC filing. Institutional investors own 0.16% of the company’s stock.

Shares of NASDAQ:OBAS traded up $0.43 during trading on Friday, hitting $12.33. Optibase has a 1 year low of $7.80 and a 1 year high of $13.00. The business’s 50-day simple moving average is $12.23 and its 200-day simple moving average is $11.14. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.22 and a current ratio of 1.22.

Optibase (NASDAQ:OBAS) last posted its quarterly earnings data on Thursday, August 29th. The financial services provider reported ($0.04) earnings per share for the quarter. Optibase had a negative net margin of 8.60% and a negative return on equity of 1.87%. The company had revenue of $4.03 million for the quarter.

About Optibase

Optibase Ltd., together with its subsidiaries, operates in the fixed-income real estate sector in Switzerland, Germany, and the United States. The company purchases and operates real estate properties intended for leasing and resale primarily for the purpose of commercial, industrial, office space, parking garage, and warehouse use, as well as for residential purposes.

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