Optibase Ltd (NASDAQ:OBAS) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totalling 1,500 shares, a decrease of 44.4% from the May 30th total of 2,700 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 1,000 shares, the days-to-cover ratio is presently 1.5 days.
Optibase stock remained flat at $$11.40 during midday trading on Friday. 29 shares of the company traded hands, compared to its average volume of 595. The business’s 50-day simple moving average is $11.88. Optibase has a one year low of $7.55 and a one year high of $12.25. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.92.
Optibase (NASDAQ:OBAS) last released its earnings results on Wednesday, May 29th. The financial services provider reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $4.08 million during the quarter. Optibase had a negative return on equity of 3.07% and a negative net margin of 14.04%.
Optibase Ltd., together with its subsidiaries, operates in the fixed-income real estate sector in Switzerland, Germany, and the United States. The company purchases and operates real estate properties intended for leasing and resale primarily for the purpose of commercial, industrial, office space, parking garage, and warehouse use, as well as for residential purposes.
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