Daiwa Securities Group Inc. (OTCMKTS:DSEEY) Short Interest Down 50.0% in November

Daiwa Securities Group Inc. (OTCMKTS:DSEEY) was the target of a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 1,800 shares, a decline of 50.0% from the October 31st total of 3,600 shares. Based on an average daily trading volume, of 13,800 shares, the days-to-cover ratio is currently 0.1 days.

Daiwa Securities Group Stock Performance

OTCMKTS:DSEEY traded up $0.12 during mid-day trading on Friday, reaching $6.50. The company’s stock had a trading volume of 1,287 shares, compared to its average volume of 13,717. Daiwa Securities Group has a 12-month low of $5.87 and a 12-month high of $8.49. The firm’s fifty day moving average price is $6.82 and its two-hundred day moving average price is $7.25. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.80. The stock has a market cap of $9.13 billion, a P/E ratio of 9.56 and a beta of 0.63.

Daiwa Securities Group (OTCMKTS:DSEEY) last issued its earnings results on Tuesday, October 29th. The financial services provider reported $0.27 earnings per share for the quarter. Daiwa Securities Group had a return on equity of 8.23% and a net margin of 10.47%. The business had revenue of $2.38 billion during the quarter.

About Daiwa Securities Group

Daiwa Securities Group Inc, together with its subsidiaries, primarily operates as a securities broker-dealer in Japan and internationally. The company operates through four segments: Retail, Wholesale, Asset Management, and Investment. The Retail segment offers products and services related to asset management, including equities, bonds, investment trusts, wrap account services, insurance, banking services, inheritance-related services, etc.