Optibase Ltd (NASDAQ:OBAS) Sees Large Growth in Short Interest

Optibase Ltd (NASDAQ:OBAS) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totalling 2,400 shares, an increase of 60.0% from the June 15th total of 1,500 shares. Based on an average daily volume of 900 shares, the short-interest ratio is currently 2.7 days. Approximately 0.2% of the shares of the company are sold short.

OBAS stock remained flat at $$11.80 during midday trading on Friday. The company’s stock had a trading volume of 1,600 shares, compared to its average volume of 272. The business has a 50-day moving average of $11.73. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.27 and a current ratio of 1.27. Optibase has a twelve month low of $7.55 and a twelve month high of $12.25.

Optibase (NASDAQ:OBAS) last posted its quarterly earnings data on Wednesday, May 29th. The financial services provider reported ($0.04) earnings per share for the quarter. Optibase had a negative return on equity of 3.07% and a negative net margin of 14.04%. The business had revenue of $4.08 million during the quarter.

Optibase Company Profile

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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