Sekisui House Ltd. (OTCMKTS:SKHSY) Short Interest Down 30.0% in August

Key Points

• Sekisui House Ltd. experienced a 30% decline in short interest in August, with total short interest dropping to 5,600 shares from 8,000 shares.
• The company's stock is currently rated as a "hold" by analysts, with one recent upgrade from Nomura Securities.
• Sekisui House reported earnings of $0.63 per share in its latest quarterly results, which met analyst expectations, alongside revenues of $7.57 billion surpassing estimates.

Sekisui House Ltd. (OTCMKTS:SKHSY - Get Free Report) was the recipient of a significant decline in short interest in August. As of August 15th, there was short interest totaling 5,600 shares, a decline of 30.0% from the July 31st total of 8,000 shares. Based on an average daily trading volume, of 76,200 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 76,200 shares, the days-to-cover ratio is currently 0.1 days.

Sekisui House Price Performance

Shares of OTCMKTS SKHSY traded down $0.18 during mid-day trading on Wednesday, hitting $23.36. 3,430 shares of the stock traded hands, compared to its average volume of 68,629. Sekisui House has a twelve month low of $20.20 and a twelve month high of $28.93. The firm has a 50 day simple moving average of $22.29 and a two-hundred day simple moving average of $22.28. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.38 and a quick ratio of 2.37. The company has a market cap of $15.49 billion, a PE ratio of 11.45 and a beta of 0.55.

Sekisui House (OTCMKTS:SKHSY - Get Free Report) last released its quarterly earnings results on Wednesday, September 3rd. The construction company reported $0.63 earnings per share for the quarter, hitting the consensus estimate of $0.63. Sekisui House had a return on equity of 10.16% and a net margin of 4.67%.The company had revenue of $7.57 billion for the quarter, compared to analysts' expectations of $7.44 billion.

Analyst Ratings Changes

Separately, Nomura Securities raised shares of Sekisui House to a "hold" rating in a research note on Friday, June 6th. One research analyst has rated the stock with a Hold rating, According to 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.