Daiwa Securities Group Inc. (OTCMKTS:DSEEY) Sees Significant Growth in Short Interest

Key Points

• Daiwa Securities saw a 108.1% increase in short interest to 24,132 shares as of Feb. 27 with a days-to-cover of 3.4, though shorted shares still register as 0.0% of the company's shares.
• The company posted a quarterly EPS of $0.22 (vs. $0.18 expected) and revenue of $2.42B (vs. $1.70B expected), and trades at a market cap of $13.53B with a P/E of 12.92.

Daiwa Securities Group Inc. (OTCMKTS:DSEEY - Get Free Report) saw a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 24,132 shares, an increase of 108.1% from the February 12th total of 11,597 shares. Currently, 0.0% of the company's shares are short sold. Based on an average daily trading volume, of 7,046 shares, the days-to-cover ratio is currently 3.4 days. Based on an average daily trading volume, of 7,046 shares, the days-to-cover ratio is currently 3.4 days. Currently, 0.0% of the company's shares are short sold.

Daiwa Securities Group Stock Performance

OTCMKTS:DSEEY opened at $9.56 on Thursday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.44. Daiwa Securities Group has a twelve month low of $5.52 and a twelve month high of $11.24. The company has a fifty day moving average of $9.92 and a 200-day moving average of $8.78. The firm has a market capitalization of $13.53 billion, a P/E ratio of 12.92 and a beta of 0.51.

Daiwa Securities Group (OTCMKTS:DSEEY - Get Free Report) last announced its quarterly earnings results on Monday, February 2nd. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.04. Daiwa Securities Group had a return on equity of 7.01% and a net margin of 10.93%.The business had revenue of $2.42 billion for the quarter, compared to analyst estimates of $1.70 billion.

About Daiwa Securities Group

Daiwa Securities Group Inc is a leading Japanese financial services firm established in 1902 and headquartered in Tokyo. Operating as a holding company, Daiwa oversees a network of subsidiaries active in securities brokerage, investment banking and asset management. With a history spanning over a century, the group has evolved to meet the changing needs of individual and institutional clients, building a reputation for comprehensive capital markets solutions.

The group's core businesses include retail brokerage, offering equity, fixed income and mutual fund products to individual investors in Japan.

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