Daiwa Securities Group Inc. (OTCMKTS:DSEEY) Short Interest Update

Key Points

• Short interest plunged 56.6% to 14,417 shares as of March 31, leaving 0.0% of the company’s shares sold short and a days-to-cover ratio of just 0.2 based on average daily volume.
• Daiwa beat expectations in its most recent quarter, reporting $0.22 EPS vs. $0.18 consensus and revenue of $2.42 billion versus $1.70 billion expected, with a net margin of 10.93% and ROE of 7.01%.
• The stock trades near $9.78 with a market capitalization of $13.84 billion, a P/E of 13.22, and a 52-week range of $5.94 to $11.24.

Daiwa Securities Group Inc. (OTCMKTS:DSEEY - Get Free Report) was the target of a large decrease in short interest in the month of March. As of March 31st, there was short interest totaling 14,417 shares, a decrease of 56.6% from the March 15th total of 33,235 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 91,112 shares, the days-to-cover ratio is currently 0.2 days.

Daiwa Securities Group Stock Down 0.1%

Shares of Daiwa Securities Group stock opened at $9.78 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.44. The business's 50 day simple moving average is $9.90 and its 200-day simple moving average is $9.01. The stock has a market capitalization of $13.84 billion, a price-to-earnings ratio of 13.22 and a beta of 0.54. Daiwa Securities Group has a twelve month low of $5.94 and a twelve month high of $11.24.

Daiwa Securities Group (OTCMKTS:DSEEY - Get Free Report) last posted its earnings results on Monday, February 2nd. The financial services provider reported $0.22 EPS for the quarter, beating 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 firm had revenue of $2.42 billion for the quarter, compared to analysts' expectations of $1.70 billion.

Daiwa Securities Group Company Profile

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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