Sekisui House Ltd. (OTCMKTS:SKHSY) Sees Significant Growth in Short Interest

Key Points

• Sekisui House Ltd. experienced a dramatic increase in short interest of 241.4% from August to September, rising to 23,900 shares as of September 15th.
• The company reported earnings of $0.63 per share, matching analysts' expectations, with quarterly revenue reaching $7.57 billion compared to estimates of $7.44 billion.
• Analysts from Nomura Securities upgraded Sekisui House to a "hold" rating, contributing to a consensus rating of "Hold" for the stock.

Sekisui House Ltd. (OTCMKTS:SKHSY - Get Free Report) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 23,900 shares, an increase of 241.4% from the August 31st total of 7,000 shares. Based on an average daily volume of 40,900 shares, the short-interest ratio is presently 0.6 days. Based on an average daily volume of 40,900 shares, the short-interest ratio is presently 0.6 days.

Sekisui House Stock Performance

OTCMKTS SKHSY opened at $22.31 on Thursday. The company has a current ratio of 2.54, a quick ratio of 2.53 and a debt-to-equity ratio of 0.62. The business's 50 day moving average is $22.73 and its two-hundred day moving average is $22.33. Sekisui House has a 12-month low of $20.20 and a 12-month high of $28.02. The stock has a market capitalization of $14.79 billion, a price-to-earnings ratio of 10.94 and a beta of 0.51.

Sekisui House (OTCMKTS:SKHSY - Get Free Report) last announced its quarterly earnings data on Wednesday, September 3rd. The construction company reported $0.63 earnings per share for the quarter, hitting analysts' consensus estimates of $0.63. Sekisui House had a return on equity of 10.07% and a net margin of 4.67%.The firm had revenue of $7.57 billion for the quarter, compared to analyst estimates of $7.44 billion.

Wall Street Analysts Forecast Growth

Separately, Nomura Securities raised Sekisui House to a "hold" rating in a report on Friday, June 6th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold".

Sekisui House Company Profile

Sekisui House, Ltd. designs, constructs, and contracts built-to-order detached houses in Japan and internationally. The company operates through Custom Detached Houses, Rental Housing, Architectural/Civil Engineering, Remodeling, Real Estate Management Fees, Houses For Sale, Condominiums, Urban Redevelopment, and Overseas segments.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.