Daiwa House Industry Co., Ltd. (OTCMKTS:DWAHY) Short Interest Up 98.5% in September

Daiwa House Industry Co., Ltd. (OTCMKTS:DWAHY) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 39,100 shares, an increase 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.

Daiwa House Industry Price Performance

Shares of Daiwa House Industry stock traded down $0.62 on Friday, hitting $30.61. The company had a trading volume of 19,320 shares, compared to its average volume of 49,744. The stock has a 50-day moving average of $30.90 and a 200-day moving average of $28.36. Daiwa House Industry has a twelve month low of $24.12 and a twelve month high of $33.80. The firm has a market capitalization of $20.18 billion, a P/E ratio of 9.72 and a beta of 0.56.

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

Wall Street Analysts Forecast Growth

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

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.