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

Obic Co (OTCMKTS:OBIIF) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 642,375 shares, a decrease of 34.2% from the June 30th total of 975,611 shares. Based on an average daily volume of 40 shares, the short-interest ratio is presently 16,059.4 days. Approximately 0.1% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

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

Obic Stock Performance

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

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

About Obic

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.