OBOOK Holdings Inc. (NASDAQ:OWLS) Short Interest Down 52.0% in June

OBOOK Holdings Inc. (NASDAQ:OWLS) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 37,623 shares, a drop of 52.0% from the May 31st total of 78,402 shares. Based on an average daily volume of 41,417 shares, the short-interest ratio is currently 0.9 days. Currently, 0.0% of the company’s shares are sold short.

OBOOK Stock Up 0.7%

Shares of OWLS stock traded up $0.04 on Wednesday, hitting $5.69. 21,165 shares of the stock were exchanged, compared to its average volume of 31,130. The firm’s 50 day moving average is $5.80 and its two-hundred day moving average is $6.00. OBOOK has a one year low of $5.15 and a one year high of $90.00.

OBOOK (NASDAQ:OWLS) last announced its quarterly earnings results on Wednesday, April 29th. The company reported ($0.17) EPS for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in OBOOK stock. Geode Capital Management LLC purchased a new stake in shares of OBOOK Holdings Inc. (NASDAQ:OWLS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 36,325 shares of the company’s stock, valued at approximately $243,000.

Wall Street Analyst Weigh In

A number of research firms have commented on OWLS. Benchmark initiated coverage on shares of OBOOK in a report on Wednesday, April 15th. They issued a “buy” rating and a $11.00 price target for the company. Weiss Ratings started coverage on OBOOK in a research report on Wednesday, May 6th. They issued a “sell (e)” rating for the company. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $11.00.

OBOOK Company Profile

Our mission is to use blockchain technology to provide businesses with more reliable and transparent data management, to reinvent global flow of funds for businesses and consumers and to lead the digital transformation of business operations. We believe in the power of blockchain technology and have focused on leveraging it to optimize and in some cases transform the way enterprises operate. Established in 2010 in Taiwan, we operate as the OwlTing Group and have delivered solutions to various industries and are expanding actively into multiple markets including the United States, Japan, Singapore, Hong Kong, Malaysia and Thailand, as well as jurisdictions in South America and the EU.