Short Interest in OBOOK Holdings Inc. (NASDAQ:OWLS) Drops By 52.0%

OBOOK Holdings Inc. (NASDAQ:OWLS) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 37,623 shares, a drop of 52.0% from the May 31st total of 78,402 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 41,417 shares, the short-interest ratio is presently 0.9 days.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on OWLS shares. Weiss Ratings began coverage on OBOOK in a research note on Wednesday, May 6th. They set a “sell (e)” rating on the stock. Benchmark assumed coverage on OBOOK in a research report on Wednesday, April 15th. They issued a “buy” rating and a $11.00 price objective on the stock. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, OBOOK currently has an average rating of “Hold” and an average target price of $11.00.

OBOOK Stock Performance

Shares of NASDAQ:OWLS traded down $0.04 during trading on Tuesday, reaching $5.61. 16,886 shares of the company were exchanged, compared to its average volume of 33,487. The business’s fifty day simple moving average is $5.80 and its 200-day simple moving average is $6.03. OBOOK has a 12-month low of $5.15 and a 12-month high of $90.00.

OBOOK (NASDAQ:OWLS) last announced its quarterly earnings results on Wednesday, April 29th. The company reported ($0.17) earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in OBOOK stock. Geode Capital Management LLC purchased a new position in shares of OBOOK Holdings Inc. (NASDAQ:OWLS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 36,325 shares of the company’s stock, valued at approximately $243,000.

OBOOK Company Profile

Our mission is to use blockchain technology to provide businesses with more reliable and transparent data management, to reinvent global flow of funds for businesses and consumers and to lead the digital transformation of business operations. We believe in the power of blockchain technology and have focused on leveraging it to optimize and in some cases transform the way enterprises operate. Established in 2010 in Taiwan, we operate as the OwlTing Group and have delivered solutions to various industries and are expanding actively into multiple markets including the United States, Japan, Singapore, Hong Kong, Malaysia and Thailand, as well as jurisdictions in South America and the EU.