Daiwa House Industry Co., Ltd. (OTCMKTS:DWAHY) Short Interest Update

Daiwa House Industry Co., Ltd. (OTCMKTS:DWAHY) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totalling 32,200 shares, a decrease of 17.6% from the August 15th total of 39,100 shares. Based on an average daily trading volume, of 55,000 shares, the days-to-cover ratio is presently 0.6 days.

Analyst Upgrades and Downgrades

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

Daiwa House Industry Stock Performance

OTCMKTS:DWAHY traded up $0.24 on Wednesday, hitting $32.42. The stock had a trading volume of 11,712 shares, compared to its average volume of 52,657. Daiwa House Industry has a 1 year low of $24.12 and a 1 year high of $33.80. The firm’s fifty day simple moving average is $29.25 and its two-hundred day simple moving average is $28.10. The stock has a market cap of $21.38 billion, a P/E ratio of 10.29 and a beta of 0.56.

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

About Daiwa House Industry

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.