Daiwa Securities Group Inc. (OTCMKTS:DSEEY) Sees Large Drop in Short Interest

Key Points

• Daiwa Securities Group Inc. experienced a significant decline in short interest, with a reduction of 38.0% in August, bringing the total to 11,400 shares sold short.
• The company's recent stock performance saw shares traded down to $7.94, with a twelve-month low of $5.52 and high of $8.54.
• Daiwa reported earnings of $0.14 EPS for the last quarter, exceeding analyst expectations and generating $2.20 billion in revenue.

Daiwa Securities Group Inc. (OTCMKTS:DSEEY - Get Free Report) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 11,400 shares, a decline of 38.0% from the August 15th total of 18,400 shares. Based on an average daily volume of 8,600 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.0% of the company's shares are short sold. Approximately 0.0% of the company's shares are short sold. Based on an average daily volume of 8,600 shares, the days-to-cover ratio is currently 1.3 days.

Daiwa Securities Group Trading Down 1.6%

OTCMKTS:DSEEY traded down $0.13 on Friday, reaching $8.04. The company's stock had a trading volume of 495 shares, compared to its average volume of 8,925. Daiwa Securities Group has a 12-month low of $5.52 and a 12-month high of $8.54. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.69. The firm has a market cap of $11.30 billion, a price-to-earnings ratio of 10.72 and a beta of 0.54. The stock has a 50 day moving average price of $7.61 and a 200 day moving average price of $7.01.

Daiwa Securities Group (OTCMKTS:DSEEY - Get Free Report) last posted its earnings results on Wednesday, July 30th. The financial services provider reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.13 by $0.01. Daiwa Securities Group had a return on equity of 8.89% and a net margin of 11.85%.The company had revenue of $2.20 billion for the quarter.

Daiwa Securities Group Company Profile

Daiwa Securities Group Inc, together with its subsidiaries, primarily operates as a securities broker-dealer in Japan and internationally. The company operates through four segments: Retail, Wholesale, Asset Management, and Investment. The Retail segment offers products and services related to asset management, including equities, bonds, investment trusts, wrap account services, insurance, banking services, inheritance-related services, etc.