Short Interest in Obayashi Co. (OTCMKTS:OBYCF) Drops By 29.5%

Obayashi Co. (OTCMKTS:OBYCFGet Rating) was the recipient of a large decline in short interest in March. As of March 31st, there was short interest totalling 285,200 shares, a decline of 29.5% from the March 15th total of 404,300 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 2,852.0 days.

Separately, Morgan Stanley cut Obayashi from an “overweight” rating to an “equal weight” rating in a research report on Friday, January 7th.

Shares of OTCMKTS:OBYCF remained flat at $$7.46 on Tuesday. The stock had a trading volume of 32 shares, compared to its average volume of 1,530. Obayashi has a twelve month low of $7.46 and a twelve month high of $9.50. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.28 and a quick ratio of 1.23. The stock has a market capitalization of $5.35 billion, a P/E ratio of 8.11 and a beta of 0.25. The stock’s fifty day moving average is $7.85 and its 200-day moving average is $8.01.

Obayashi Company Profile (Get Rating)

Obayashi Corp. engages in the construction and real estate business. It operates through the following segments: Domestic Building Construction, Overseas Building Construction, Domestic Civil Engineering, Overseas Civil Engineering, Real Estate, and Others. The Domestic Building Construction segment engages in building construction contracts and related businesses within Japan.

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