OBIC Co.,Ltd. (OTCMKTS:OBIIF) Sees Large Drop in Short Interest

OBIC Co.,Ltd. (OTCMKTS:OBIIF) was the recipient of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 1,001,400 shares, a decrease of 28.2% from the March 15th total of 1,394,400 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 10,014.0 days.

OBIC Co.,Ltd. Price Performance

OBIIF opened at $29.10 on Friday. The firm’s 50 day moving average is $28.76 and its 200-day moving average is $30.66. OBIC Co.,Ltd. has a 52-week low of $24.75 and a 52-week high of $37.86. The firm has a market capitalization of $12.80 billion, a P/E ratio of 31.98 and a beta of 0.58.

OBIC Co.,Ltd. Company Profile

OBIC Co,Ltd., together with its subsidiaries, provides system integration, system support, office automation, and package software services. It offers system integration services, including developing ERP software products to provide integrated administrative systems comprising personnel, payroll, working condition management, marketing, and production systems, as well as related training courses.