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

Daiwa Securities Group Inc. (OTCMKTS:DSEEY) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 239,722 shares, an increase of 1,984.0% from the April 30th total of 11,503 shares. Based on an average daily volume of 79,400 shares, the days-to-cover ratio is currently 3.0 days. Approximately 0.0% of the company’s stock are sold short.

Daiwa Securities Group Stock Performance

OTCMKTS:DSEEY opened at $9.25 on Thursday. Daiwa Securities Group has a 1 year low of $6.48 and a 1 year high of $11.24. The firm’s fifty day simple moving average is $9.51 and its 200 day simple moving average is $9.37. 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 firm has a market capitalization of $13.09 billion, a PE ratio of 11.14 and a beta of 0.49.

Daiwa Securities Group (OTCMKTS:DSEEY) last posted its earnings results on Monday, April 27th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. Daiwa Securities Group had a net margin of 11.91% and a return on equity of 7.36%. The business had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.40 billion.

About Daiwa Securities Group

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.