Optibase Ltd shares had a trading volume of 6,000 on Tuesday. Trading volume was up 292.16% over the stocks average daily volume.
Short traders are more bearish on Optibase Ltd recently as implied by the rise in short interest. The stock saw a rise in short interest of 109.66% as of October 13, 2017 from the last reporting period. Short interest grew 2,372 over that timeframe. With short interest at 4,535 and short average daily volume at 916, days to cover is 5.0 and the percentage of shorted shares was 0.00% on October 13.
The company is unchanged since yesterday’s close of 22.75. The P/E ratio is 81.49 and the market cap of the company is 91.86M. In the last earnings report the EPS was $0.28 with 4.04M shares presently outstanding.
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..