Short Interest in oOh media Limited (OTCMKTS:OMLAF) Declines By 98.3%

oOh media Limited (OTCMKTS:OMLAF) saw a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 2,888 shares, a decrease of 98.3% from the April 30th total of 173,605 shares. Based on an average daily volume of 1,818 shares, the days-to-cover ratio is presently 1.6 days.

oOh media Price Performance

Shares of OMLAF stock remained flat at $0.97 on Friday. The stock has a 50-day moving average of $0.84 and a 200-day moving average of $0.85. oOh media has a 52-week low of $0.65 and a 52-week high of $1.32.

oOh!media is a leading out-of-home (OOH) advertising company that operates a broad network of static and digital advertising displays across Australia and New Zealand. The company’s media assets span large-format billboards, street furniture, transit shelters, airport terminals and Place-Based environments such as retail centres, office buildings and universities.

Founded in 1989 and headquartered in Sydney, oOh!media has grown from a single market presence into a nationwide operator with coverage in all major Australian cities—including Sydney, Melbourne, Brisbane, Perth and Adelaide—as well as key metropolitan areas in New Zealand such as Auckland and Wellington.