oOh media Limited (OTCMKTS:OMLAF) Sees Large Drop in Short Interest

oOh media Limited (OTCMKTS:OMLAF) was the recipient of a significant drop in short interest in January. As of January 15th, there was short interest totaling 19,585 shares, a drop of 77.0% from the December 31st total of 85,266 shares. Based on an average daily volume of 300 shares, the days-to-cover ratio is currently 65.3 days. Based on an average daily volume of 300 shares, the days-to-cover ratio is currently 65.3 days.

oOh media Stock Performance

OTCMKTS:OMLAF opened at $0.86 on Thursday. oOh media has a one year low of $0.86 and a one year high of $1.32. The firm’s 50 day simple moving average is $0.87 and its 200 day simple moving average is $0.96.

oOh!media is a leading out-of-home (OOH) advertising company that operates a broad network of static and digital advertising displays across Australia and New Zealand. The company’s media assets span large-format billboards, street furniture, transit shelters, airport terminals and Place-Based environments such as retail centres, office buildings and universities.

Founded in 1989 and headquartered in Sydney, oOh!media has grown from a single market presence into a nationwide operator with coverage in all major Australian cities—including Sydney, Melbourne, Brisbane, Perth and Adelaide—as well as key metropolitan areas in New Zealand such as Auckland and Wellington.