Obayashi Corporation (OTCMKTS:OBYCF) Sees Significant Drop in Short Interest

Obayashi Corporation (OTCMKTS:OBYCF) was the recipient of a significant decrease in short interest in May. As of May 31st, there was short interest totalling 643,800 shares, a decrease of 29.3% from the May 15th total of 910,000 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 4,900 shares, the days-to-cover ratio is presently 131.4 days.

Obayashi Stock Performance

Shares of OTCMKTS OBYCF opened at $15.40 on Thursday. The stock’s 50 day moving average price is $14.84 and its two-hundred day moving average price is $13.73. Obayashi has a 52-week low of $14.95 and a 52-week high of $16.15. The stock has a market capitalization of $11.11 billion, a P/E ratio of 11.58 and a beta of 0.36. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.22.

Obayashi (OTCMKTS:OBYCF) last posted its earnings results on Tuesday, May 13th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.16). The company had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $3.87 billion. Obayashi had a net margin of 5.57% and a return on equity of 7.47%.

Obayashi Company Profile

Obayashi Corporation engages in the construction business in Japan, North America, Asia, the Middle East, Europe, and Oceania. The company constructs buildings, including offices, condominiums, commercial facilities, factories, hospitals, and schools; and civil engineering projects, such as tunnels, bridges, dams, river works, urban civil engineering structures, railroads, and expressways.