Short Interest in Ocean Bio-Chem, Inc. (NASDAQ:OBCI) Expands By 61.7%

Ocean Bio-Chem, Inc. (NASDAQ:OBCI) saw a significant increase in short interest in June. As of June 30th, there was short interest totalling 7,600 shares, an increase of 61.7% from the May 30th total of 4,700 shares. Based on an average trading volume of 10,500 shares, the short-interest ratio is currently 0.7 days. Currently, 0.2% of the shares of the company are sold short.

Separately, TheStreet raised TELUS from a “c+” rating to a “b-” rating in a report on Thursday, April 4th.

NASDAQ OBCI traded down $0.09 on Friday, hitting $3.50. 2,373 shares of the stock traded hands, compared to its average volume of 6,957. The stock’s fifty day simple moving average is $3.42. Ocean Bio-Chem has a 12 month low of $2.90 and a 12 month high of $4.78. The company has a market cap of $33.62 million, a price-to-earnings ratio of 10.88 and a beta of 0.75. The company has a debt-to-equity ratio of 0.17, a current ratio of 6.22 and a quick ratio of 3.05.

Ocean Bio-Chem (NASDAQ:OBCI) last announced its quarterly earnings data on Wednesday, May 15th. The company reported $0.08 earnings per share for the quarter. Ocean Bio-Chem had a return on equity of 10.99% and a net margin of 7.03%. The business had revenue of $9.08 million during the quarter.

Ocean Bio-Chem Company Profile

Ocean Bio-Chem, Inc manufactures, markets, and distributes appearance, performance, and maintenance products for the marine, automotive, power sports, recreational vehicle, and outdoor power equipment markets in the United States and Canada. The company offers marine products, including polishes, cleaners, protectants, and waxes; enzyme fuel treatments; private label products; motor and teak oils, boat washes, vinyl and teak cleaners, bilge and hull cleaners, silicone and polyurethane sealants, polysulfide sealants, gasket materials, lubricants, antifouling additives, and anti-freeze coolants; and brushes, poles, tie-downs, and other related accessories.

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