Short Interest in OBOOK Holdings Inc. (NASDAQ:OWLS) Drops By 52.0%

OBOOK Holdings Inc. (NASDAQ:OWLS) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 37,623 shares, a drop of 52.0% from the May 31st total of 78,402 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 41,417 shares, the short-interest ratio is currently 0.9 days.

OBOOK Stock Performance

NASDAQ OWLS traded down $0.04 on Tuesday, hitting $5.61. 16,886 shares of the company’s stock traded hands, compared to its average volume of 33,487. The firm’s 50-day moving average price is $5.80 and its two-hundred day moving average price is $6.03. OBOOK has a 1-year low of $5.15 and a 1-year high of $90.00.

OBOOK (NASDAQ:OWLS) last posted its quarterly earnings results on Wednesday, April 29th. The company reported ($0.17) EPS for the quarter.

Analyst Upgrades and Downgrades

OWLS has been the topic of a number of research analyst reports. Weiss Ratings assumed coverage on shares of OBOOK in a report on Wednesday, May 6th. They set a “sell (e)” rating on the stock. Benchmark started coverage on OBOOK in a research report on Wednesday, April 15th. They set a “buy” rating and a $11.00 price target for the company. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $11.00.

Institutional Trading of OBOOK

A hedge fund recently bought a new stake in OBOOK stock. Geode Capital Management LLC purchased a new stake in OBOOK Holdings Inc. (NASDAQ:OWLS) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 36,325 shares of the company’s stock, valued at approximately $243,000.

OBOOK Company Profile

Our mission is to use blockchain technology to provide businesses with more reliable and transparent data management, to reinvent global flow of funds for businesses and consumers and to lead the digital transformation of business operations. We believe in the power of blockchain technology and have focused on leveraging it to optimize and in some cases transform the way enterprises operate. Established in 2010 in Taiwan, we operate as the OwlTing Group and have delivered solutions to various industries and are expanding actively into multiple markets including the United States, Japan, Singapore, Hong Kong, Malaysia and Thailand, as well as jurisdictions in South America and the EU.