Ocean Bio Chem Inc (NASDAQ:OBCI) Sees Unusual Trading Volume in Its Shares

0
6

(NASDAQ:OBCI) shares saw heavy trading volume with 52K shares changing hands by the end of trading on Wednesday. Overall, volume was up 110.04% over the stocks normal daily volume.

Traders are more bearish on the company looking at the rise in short interest. The company saw a rise in short interest of 31.83% between September 29, 2017 and October 13, 2017. Short interest grew 3,271 over that timeframe. Days to cover decreased from 0.0 to 0.0 and the percentage of shorted shares is 0.00% as of October 13.

These firms have modified their investment in OBCI. Dimensional Fund Advisors Lp grew its holdings by buying 6,800 shares an increase of 57.8% from 06/30/2017 to 09/30/2017. Dimensional Fund Advisors Lp controls 18,557 shares worth $94,000. The value of the position overall is up by 95.8%. As of the end of the quarter Morgan Stanley had bought a total of 302 shares growing its holdings by 444.1%. The value of the investment in (OBCI) went from $0 to $2,000 a change of inf% quarter to quarter.

As of quarter end Sheaff Brock Investment Advisors, LLC had acquired 3,100 shares growing its stake by 7.5%. The value in dollars increased from $170,000 to $225,000 a change of $55,000 for the reporting period. As of the end of the quarter Renaissance Technologies LLC had bought 16,100 shares growing its position 50.9%. The value of the investment in OBCI went from $130,000 to $241,000 increasing 85.4% since the last quarter.

In the market the company is trading up by 4.57% percent from yesterday’s close. The company’s P/E ratio is 11.50 and the market cap of the company is 40.17M. As of the latest earnings report the EPS was $0.38 with 9.23M shares presently outstanding.

Ocean Bio-Chem, Inc., launched on November 13, 1973, is involved in the manufacturing, marketing and distribution of a range of appearance, performance and maintenance products. The Company offers its services under the Star brite and Star Tron brand names within the United States and Canada. In addition, the Company produces private label formulations of its products for various customers and provides custom blending and packaging services for these and other products. The Company is also engaged in manufacturing, marketing and distributing disinfectant, sanitizing and deodorizing products under the Performacide and Star brite brand names. The products that the Company manufactures and markets include marine, automotive, recreational vehicle/power sports, outdoor power equipment/lawn and garden, disinfectants, sanitizers and deodorizers, and contract filling and blow molded bottles. The Company produces its products at the manufacturing facilities of its subsidiary, Kinpak, Inc., in Montgomery, Alabama..

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.