Short Interest in Obic Co (OTCMKTS:OBIIF) Decreases By 34.2%

Obic Co (OTCMKTS:OBIIF) saw a large drop in short interest during 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 daily trading volume, of 40 shares, the short-interest ratio is presently 16,059.4 days. Approximately 0.1% of the shares of the company are short sold.

Obic Price Performance

OBIIF stock remained flat at $25.32 on Friday. The stock has a market capitalization of $11.05 billion, a P/E ratio of 21.83 and a beta of 0.68. Obic has a one year low of $21.11 and a one year high of $28.52. The company has a 50 day simple moving average of $23.53 and a two-hundred day simple moving average of $25.54.

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, beating the consensus estimate of $0.30 by $0.03. The company had revenue of $225.66 million for the quarter, compared to analysts’ expectations of $220.63 million. Obic had a return on equity of 15.43% and a net margin of 56.13%. Equities research analysts forecast that Obic will post 0.6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Obic to a “hold” rating in a report on Monday, June 15th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average 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.