Daiwa Securities Group Inc. (OTCMKTS:DSEEY) Short Interest Down 83.9% in August

Daiwa Securities Group Inc. (OTCMKTS:DSEEY – Get Free Report) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 16,705 shares, a decline of 83.9% from the August 15th total of 103,625 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 28,008 shares, the days-to-cover ratio is presently 0.6 days.

Daiwa Securities Group Trading Up 2.5%

OTCMKTS DSEEY traded up $0.30 during trading hours on Friday, hitting $12.10. 25,466 shares of the company’s stock were exchanged, compared to its average volume of 17,222. The firm has a market cap of $17.12 billion, a price-to-earnings ratio of 13.01 and a beta of 0.48. The stock has a 50-day simple moving average of $11.41 and a 200 day simple moving average of $10.28. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.48. Daiwa Securities Group has a 1-year low of $7.37 and a 1-year high of $12.38.

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Daiwa Securities Group (OTCMKTS:DSEEY – Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. The firm had revenue of $2.77 billion for the quarter, compared to analyst estimates of $1.34 billion. Daiwa Securities Group had a return on equity of 8.39% and a net margin of 12.72%.

About Daiwa Securities Group

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Daiwa Securities Group Inc is a Japan-based financial services holding company and the parent of Daiwa Securities and other businesses. The group provides investment and financial solutions to individual investors, corporations, financial institutions, governments and other institutional clients.

Its principal activities include retail securities brokerage, investment banking, underwriting and sales of equities and bonds, mergers and acquisitions advisory, institutional sales and trading, investment research, and asset management.

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