Sekisui House Ltd. (OTCMKTS:SKHSY) Stock Short Interest Jumps 68.8%

Key Points

• Short interest surged 68.8% to 58,937 shares as of October 15, up from 34,906 shares at the end of September. Despite the increase, short interest represents 0.0% of shares outstanding, with a days-to-cover ratio of 0.5.
• Sekisui House shares opened at $21.96, near their 50-day and 200-day moving averages, with a $19.71–$25.61 52-week range. The company has a $14.31 billion market cap and a P/E ratio of 8.71.
• The company’s latest quarterly results exceeded expectations, reporting $0.62 EPS versus the $0.54 consensus estimate and $6.87 billion in revenue compared with the $6.85 billion forecast.

Sekisui House Ltd. (OTCMKTS:SKHSY - Get Free Report) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 58,937 shares, a growth of 68.8% from the September 30th total of 34,906 shares. Based on an average trading volume of 115,639 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.0% of the company's shares are sold short.

Sekisui House Stock Performance

SKHSY stock opened at $21.96 on Monday. The company's 50-day simple moving average is $21.56 and its 200-day simple moving average is $21.91. The company has a quick ratio of 2.90, a current ratio of 2.91 and a debt-to-equity ratio of 0.55. The firm has a market cap of $14.31 billion, a P/E ratio of 8.71 and a beta of 0.40. Sekisui House has a 52-week low of $19.71 and a 52-week high of $25.61.

Sekisui House (OTCMKTS:SKHSY - Get Free Report) last announced its quarterly earnings results on Thursday, September 10th. The construction company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.54 by $0.08. Sekisui House had a net margin of 6.15% and a return on equity of 11.16%. The firm had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.85 billion.

About Sekisui House

Sekisui House, Ltd. is a Japanese housing and real estate company headquartered in Osaka, Japan. Founded in 1960, the company develops and builds detached houses, rental housing, condominiums and other residential properties, serving individual homebuyers, property owners and institutional customers.

Its business activities also include residential remodeling, property management, real estate brokerage and the development of urban communities and commercial facilities. Sekisui House provides a range of housing designs and related services, with an emphasis on quality, durability, environmental performance and long-term support for residents and property owners.

In addition to its operations in Japan, Sekisui House has expanded internationally through housing development and related real estate activities in markets including the United States, Australia and Singapore.

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