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

Daiwa House Industry Co., Ltd. (OTCMKTS:DWAHY) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 46,000 shares, a growth of 17.6% from the September 30th total of 39,100 shares. Based on an average daily volume of 37,600 shares, the short-interest ratio is currently 1.2 days.

Daiwa House Industry Price Performance

Shares of OTCMKTS DWAHY traded up $0.01 during midday trading on Tuesday, reaching $29.65. The company’s stock had a trading volume of 23,701 shares, compared to its average volume of 48,159. Daiwa House Industry has a 12-month low of $24.12 and a 12-month high of $33.80. The firm has a 50 day moving average price of $31.07 and a 200-day moving average price of $28.43. The stock has a market capitalization of $19.55 billion, a P/E ratio of 9.41 and a beta of 0.56.

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

Analyst Upgrades and Downgrades

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

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.