Obayashi Co. (OTCMKTS:OBYCF) Sees Large Drop in Short Interest

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

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

Shares of OTCMKTS:OBYCF remained flat at $$7.46 during trading on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.23 and a current ratio of 1.28. Obayashi has a one year low of $7.46 and a one year high of $9.50. The stock has a market capitalization of $5.35 billion, a P/E ratio of 8.11 and a beta of 0.25. The business has a 50-day simple moving average of $7.85 and a 200-day simple moving average of $8.02.

About Obayashi (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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