Obic Co (OTCMKTS:OBIIF) Sees Significant Decrease in Short Interest

Obic Co (OTCMKTS:OBIIF) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 642,375 shares, a drop of 34.2% from the June 30th total of 975,611 shares. Based on an average trading volume of 40 shares, the days-to-cover ratio is currently 16,059.4 days. Approximately 0.1% of the shares of the company are sold short.

Obic Stock Performance

OTCMKTS OBIIF remained flat at $25.32 on Friday. The company has a market capitalization of $11.05 billion, a PE ratio of 21.83 and a beta of 0.68. The business has a 50 day moving average of $23.53 and a two-hundred day moving average of $25.53. Obic has a 12-month low of $21.11 and a 12-month high of $28.52.

Obic (OTCMKTS:OBIIF) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. The firm had revenue of $225.66 million during the quarter, compared to analyst estimates of $220.63 million. Obic had a net margin of 56.13% and a return on equity of 15.43%. As a group, research analysts forecast that Obic will post 0.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Obic to a “hold” rating in a research report on Monday, June 15th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Obic Company Profile

Obic (OTCMKTS:OBIIF) is a Tokyo‐based technology company founded in 1978 that specializes in the development and deployment of enterprise resource planning (ERP) software and related IT services. The company’s core offerings include integrated management systems for finance, production, distribution and human resources, which are delivered either through on‐premise installations or via cloud‐based platforms. Obic’s software suite is designed to help businesses streamline operations, improve data visibility and support decision‐making across various functional areas.

In addition to its ERP solutions, Obic provides a range of professional services such as system integration, consulting, customization and ongoing technical support.