Obic Co (OTCMKTS:OBIIF) Short Interest Update

Obic Co (OTCMKTS:OBIIF) was the target of a large drop in short interest in 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. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 40 shares, the short-interest ratio is currently 16,059.4 days.

Obic Price Performance

Shares of OTCMKTS:OBIIF remained flat at $25.32 during midday trading on Friday. The stock’s 50 day moving average is $23.53 and its 200 day moving average is $25.54. The stock has a market cap of $11.05 billion, a price-to-earnings ratio of 21.83 and a beta of 0.68. Obic has a twelve month low of $21.11 and a twelve month high of $28.52.

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

Analyst Ratings Changes

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, According to MarketBeat.com, Obic 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.