Short Interest in Outbrain, Inc. (NASDAQ:OB) Grows By 366.9%

Outbrain, Inc. (NASDAQ:OB) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totalling 479,500 shares, a growth of 366.9% from the September 15th total of 102,700 shares. Approximately 1.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 250,100 shares, the days-to-cover ratio is presently 1.9 days.

Shares of NASDAQ OB traded up $0.42 during midday trading on Thursday, reaching $16.26. 210 shares of the company’s stock traded hands, compared to its average volume of 178,418. Outbrain has a one year low of $14.42 and a one year high of $20.99. The stock’s 50 day moving average is $16.91.

Outbrain (NASDAQ:OB) last issued its earnings results on Tuesday, August 17th. The company reported $0.28 earnings per share (EPS) for the quarter. The business had revenue of $247.15 million for the quarter. As a group, equities research analysts expect that Outbrain will post 0.71 earnings per share for the current year.

About Outbrain

Outbrain Inc provides recommendation platform for the open web. The company’s technology enables consumers to discover new things through recommendation feeds on their favorite media and connects advertisers to these audiences to grow their business. Outbrain Inc is based in NEW YORK.

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