Ocean Bio-Chem, Inc. (NASDAQ:OBCI) Sees Significant Decrease in Short Interest

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Ocean Bio-Chem, Inc. (NASDAQ:OBCI) saw a significant decline in short interest in August. As of August 31st, there was short interest totalling 4,800 shares, a decline of 5.9% from the July 31st total of 5,100 shares. Based on an average trading volume of 11,900 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the company’s stock are short sold.

OBCI stock traded down $0.01 during trading hours on Friday, hitting $3.29. The company’s stock had a trading volume of 312 shares, compared to its average volume of 10,363. The company has a quick ratio of 3.84, a current ratio of 7.13 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $30.92 million, a PE ratio of 10.31 and a beta of 0.79. Ocean Bio-Chem has a 12 month low of $2.90 and a 12 month high of $4.43. The stock has a 50 day moving average price of $3.45 and a two-hundred day moving average price of $3.40.

Ocean Bio-Chem (NASDAQ:OBCI) last posted its earnings results on Wednesday, August 14th. The company reported $0.11 EPS for the quarter. The company had revenue of $10.95 million during the quarter. Ocean Bio-Chem had a net margin of 6.84% and a return on equity of 10.32%.

An institutional investor recently bought a new position in Ocean Bio-Chem stock. River & Mercantile Asset Management LLP acquired a new position in Ocean Bio-Chem, Inc. (NASDAQ:OBCI) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 141,284 shares of the company’s stock, valued at approximately $465,000. River & Mercantile Asset Management LLP owned about 1.51% of Ocean Bio-Chem at the end of the most recent quarter. Institutional investors and hedge funds own 5.36% of the company’s stock.

Ocean Bio-Chem Company Profile

Ocean Bio-Chem, Inc manufactures, markets, and distributes appearance, performance, and maintenance products for the marine, automotive, power sports, recreational vehicle, and outdoor power equipment markets in the United States and Canada. The company offers marine products, including polishes, cleaners, protectants, and waxes; enzyme fuel treatments; private label products; motor and teak oils, boat washes, vinyl and teak cleaners, bilge and hull cleaners, silicone and polyurethane sealants, polysulfide sealants, gasket materials, lubricants, antifouling additives, and anti-freeze coolants; and brushes, poles, tie-downs, and other related accessories.

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