Pola Orbis (OTCMKTS:PORBF) Sees Large Drop in Short Interest

Pola Orbis (OTCMKTS:PORBF) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 460,200 shares, a drop of 30.1% from the September 30th total of 657,900 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days. Approximately 0.2% of the company’s stock are sold short. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Pola Orbis Price Performance

Pola Orbis stock remained flat at $8.95 during trading on Monday. The company has a market capitalization of $1.98 billion, a P/E ratio of 47.08 and a beta of 0.20. Pola Orbis has a 12 month low of $8.95 and a 12 month high of $9.30. The stock’s 50 day moving average price is $9.43 and its 200-day moving average price is $9.76.

About Pola Orbis

Pola Orbis Holdings Inc, through its subsidiaries, develops, manufactures, and sells cosmetics and related products in Japan and internationally. It operates through Beauty Care and Real Estate segments. The Beauty Care segment offers cosmetics; skincare products; health foods; and fashion products, such as women's underwear, women's apparel, and jewelry under the POLA, ORBIS, Jurlique, H2O PLUS, THREE, DECENCIA, Amplitude, ITRIM, FIVEISM × THREE, and FUJIMI brand names.