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

Daiwa Securities Group Inc. (OTCMKTS:DSEEYGet Free Report) was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totaling 76,097 shares, a growth of 50.7% from the July 15th total of 50,500 shares. Based on an average daily trading volume, of 41,870 shares, the days-to-cover ratio is presently 1.8 days. Approximately 0.0% of the shares of the stock are sold short.

Daiwa Securities Group Stock Performance

Shares of DSEEY remained flat at $11.23 during midday trading on Tuesday. 20,014 shares of the company’s stock traded hands, compared to its average volume of 38,322. The firm has a 50 day simple moving average of $10.82 and a 200 day simple moving average of $10.12. Daiwa Securities Group has a twelve month low of $7.37 and a twelve month high of $12.01. The stock has a market cap of $15.89 billion, a PE ratio of 12.08 and a beta of 0.49. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.10 and a current ratio of 1.10.

Daiwa Securities Group (OTCMKTS:DSEEYGet Free Report) last released its quarterly earnings results on Monday, August 3rd. The financial services provider reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. Daiwa Securities Group had a return on equity of 8.46% and a net margin of 12.72%.The business had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $1.34 billion.

Daiwa Securities Group Company Profile

(Get Free Report)

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.

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