Nobility Homes Inc. (OTCMKTS:NOBH) Stock Short Interest Falls 49.7%

Nobility Homes Inc. (OTCMKTS:NOBH) saw a significant decline in short interest in October. As of October 15th, there was short interest totaling 83 shares, a decline of 49.7% from the September 30th total of 165 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 187 shares, the days-to-cover ratio is presently 0.4 days.

Nobility Homes Price Performance

OTCMKTS:NOBH remained flat at $27.50 during mid-day trading on Monday. The company had a trading volume of 1,050 shares, compared to its average volume of 133. The stock has a market cap of $86.62 million, a P/E ratio of 11.55 and a beta of 0.22. The business has a fifty day simple moving average of $27.71 and a 200 day simple moving average of $28.96. Nobility Homes has a fifty-two week low of $24.02 and a fifty-two week high of $35.00.

Nobility Homes (OTCMKTS:NOBH) last posted its quarterly earnings data on Friday, September 11th. The construction company reported $0.60 EPS for the quarter. Nobility Homes had a net margin of 15.65% and a return on equity of 12.96%. The company had revenue of $12.14 million during the quarter.

About Nobility Homes

Nobility Homes, Inc is a Florida-based manufacturer and retailer of HUD-code manufactured homes. The company designs and produces single-section and multi-section homes intended for placement on private properties and in manufactured housing communities.

In addition to manufacturing, Nobility Homes sells its products through retail sales centers, primarily serving customers in Florida. Its offerings include a range of residential floor plans, with options that may vary by model, size and design.

The company has operated in the manufactured housing industry for decades and is headquartered in Ocala, Florida.