Obayashi Corporation (OTCMKTS:OBYCF) Sees Significant Growth in Short Interest

Obayashi Corporation (OTCMKTS:OBYCF - Get Free Report) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 1,041,600 shares, an increase of 41.8% from the September 15th total of 734,800 shares. Based on an average daily volume of 600 shares, the days-to-cover ratio is presently 1,736.0 days. Based on an average daily volume of 600 shares, the days-to-cover ratio is presently 1,736.0 days.Obayashi Price PerformanceOBYCF remained flat at $18.01 during trading on Thursday. The company's stock had a trading volume of 74 shares, compared to its average volume of 287. The company has a market capitalization of $12.99 billion, a PE ratio of 14.07 and a beta of 0.37. The company's 50 day moving average price is $16.47 and its 200 day moving average price is $15.38. Obayashi has a 52-week low of $13.83 and a 52-week high of $18.01. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.22. Obayashi (OTCMKTS:OBYCF - Get Free Report) last posted its earnings results on Friday, August 8th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.07). The company had revenue of $3.63 billion for the quarter, compared to analysts' expectations of $3.97 billion. Obayashi had a return on equity of 7.36% and a net margin of 5.35%.About Obayashi (Get Free Report)Obayashi Corporation engages in the construction business in Japan, North America, Asia, the Middle East, Europe, and Oceania. The company constructs buildings, including offices, condominiums, commercial facilities, factories, hospitals, and schools; and civil engineering projects, such as tunnels, bridges, dams, river works, urban civil engineering structures, railroads, and expressways.Read MoreFive stocks we like better than ObayashiWhat Is WallStreetBets and What Stocks Are They Targeting?GM Posts Largest Gain Since the Pandemic: Shares Still Look CheapOverbought Stocks Explained: Should You Trade Them?Tesla’s Earnings Review: Does the Juice Justify the Squeeze?What Are Dividend Contenders? Investing in Dividend ContendersThe Top 3 AI-Focused Defense Stocks to Put on Your RadarThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Obayashi Right Now?Before you consider Obayashi, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Obayashi wasn't on the list.While Obayashi currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here