Daiwa House Industry Co., Ltd. (OTCMKTS:DWAHY) Sees Large Growth in Short Interest

Daiwa House Industry Co., Ltd. (OTCMKTS:DWAHY) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 39,100 shares, a growth of 98.5% from the September 15th total of 19,700 shares. Based on an average daily volume of 35,700 shares, the days-to-cover ratio is currently 1.1 days.

Analyst Upgrades and Downgrades

Separately, Citigroup raised shares of Daiwa House Industry to a “hold” rating in a report on Wednesday, August 28th.

Daiwa House Industry Stock Down 2.0 %

Shares of DWAHY stock traded down $0.62 during trading hours on Friday, reaching $30.61. The company’s stock had a trading volume of 19,320 shares, compared to its average volume of 49,744. Daiwa House Industry has a fifty-two week low of $24.12 and a fifty-two week high of $33.80. The company has a market capitalization of $20.18 billion, a price-to-earnings ratio of 9.72 and a beta of 0.56. The firm’s 50 day simple moving average is $30.90 and its 200-day simple moving average is $28.36.

Daiwa House Industry (OTCMKTS:DWAHY) last posted its earnings results on Wednesday, August 7th. The company reported $0.82 EPS for the quarter. The company had revenue of $8.26 billion during the quarter.

Daiwa House Industry Company Profile

Daiwa House Industry Co, Ltd. engages in the construction contracts business in Japan and internationally. It operates through six segments: Detached Houses, Rental Housing, Condominiums, Commercial Facilities, Business Facilities, and Environmental Energy. The Detached Houses segment engages in custom-ordered housing and sales of detached houses and lots.