Company shares are trading at $8.70 quite a bit above the 50 day moving average which is $7.52 and a bit higher than the 200 day moving average of $8.48. The 50 day moving average went up by +15.63% whereas the 200 day moving average was up $0.22 or +2.58%. 0 shares changed hands by the end of trading on Tuesday. Trading volume was down 100.00% under the stocks average daily volume.
Traders are a little more bearish on Optibase Ltd. – Ordinary Shares lately if you look at the increase in short interest. The stock experienced a rise in short interest of 109.66% as of October 13, 2017 from the last reporting period. Short interest grew from 2,163 to 4,535 over that timeframe. Days to cover decreased from 8.0 to 5.0 and the percentage of shorted shares was 0.00% on October 13.
Optibase Ltd., launched on August 7, 1990, is a real estate company. The Company, through its subsidiaries, is involved in purchasing and operating of real estate properties for leasing and resale primarily for the purpose of commercial, industrial, office space use, as well as for residential purposes. The Company owns holdings in several commercial real estate properties, which are leased to third parties. The Company owns a portfolio of supermarkets located mainly in Bavaria, Germany. It also owns several real estate properties located in Philadelphia, Texas, Chicago and Miami, in the United States. The Company owns approximately 25 residential properties in Miami and Miami Beach, Florida, including 21 luxury condominium units and two penthouse units in the Marquis Residences, one penthouse unit in Ocean One Condominium and one condominium units in the Continuum on South Beach Condominium. The Business’s subsidiaries include Optibase Inc., Optibase Real Estate Europe SARL and OPCTN S.A..Advertisement