How Analysts Feel About Optibase LTD. – Ordinary Shares (NASDAQ:OBAS) After Increase in Sellers?

October 11, 2018 - By Vivian Park

The stock of Optibase LTD. – Ordinary Shares (NASDAQ:OBAS) registered an increase of 17.65% in short interest. OBAS’s total short interest was 2,000 shares in October as published by FINRA. Its up 17.65% from 1,700 shares, reported previously. With 500 shares average volume, it will take short sellers 4 days to cover their OBAS’s short positions. The short interest to Optibase LTD. – Ordinary Shares’s float is 0.17%.

The stock increased 0.81% or $0.07 during the last trading session, reaching $8.75. About 2,815 shares traded or 142.46% up from the average. Optibase Ltd. (NASDAQ:OBAS) has risen 4.51% since October 11, 2017 and is uptrending. It has underperformed by 11.11% the S&P500.

Optibase Ltd. operates in the fixed-income real estate sector. The company has market cap of $45.63 million. The firm 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. It currently has negative earnings. It holds properties in Rümlang and Geneva, Switzerland; Bavaria, Germany; Miami, Florida; Texas; Philadelphia, Pennsylvania; and Chicago, Illinois.

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