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

Key Points

• Short interest in Daiwa Securities Group Inc. increased by 130.4% in July, rising to 10,600 shares from 4,600 shares at the end of June.
• The company reported earnings of $0.14 per share for the quarter ended July 30, surpassing expectations of $0.13.
• Daiwa Securities Group's stock price is currently at $6.84, with a market capitalization of $9.61 billion and a PE ratio of 9.12.

Daiwa Securities Group Inc. (OTCMKTS:DSEEY - Get Free Report) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 10,600 shares, anincreaseof130.4% from the June 30th total of 4,600 shares. Based on an average daily trading volume, of 4,400 shares, the days-to-cover ratio is currently 2.4 days. Based on an average daily trading volume, of 4,400 shares, the days-to-cover ratio is currently 2.4 days.

Daiwa Securities Group Stock Performance

DSEEY stock traded up $0.46 during midday trading on Friday, hitting $7.57. 2,196 shares of the stock traded hands, compared to its average volume of 2,024. The firm has a market cap of $10.64 billion, a P/E ratio of 10.10 and a beta of 0.51. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.12 and a quick ratio of 1.12. The stock's fifty day simple moving average is $7.01 and its 200-day simple moving average is $6.81. Daiwa Securities Group has a 1-year low of $5.52 and a 1-year high of $7.73.

Daiwa Securities Group (OTCMKTS:DSEEY - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $0.14 EPS for the quarter, beating the consensus estimate of $0.13 by $0.01. The company had revenue of $2.20 billion for the quarter. Daiwa Securities Group had a net margin of 11.85% and a return on equity of 8.89%.

Daiwa Securities Group Company Profile

Daiwa Securities Group Inc, together with its subsidiaries, primarily operates as a securities broker-dealer in Japan and internationally. The company operates through four segments: Retail, Wholesale, Asset Management, and Investment. The Retail segment offers products and services related to asset management, including equities, bonds, investment trusts, wrap account services, insurance, banking services, inheritance-related services, etc.