Daiwa Securities Group Inc. Short Interest Rises Dramatically

Daiwa Securities Group Inc. (OTCMKTS:DSEEY - Get Free Report) experienced a notable surge in short interest during December. By December 15th, the total short interest reached 9,300 shares, reflecting an impressive escalation of 190.6% compared to the 3,200 shares recorded on November 30th. Considering an average daily trading volume of 10,600 shares, this results in a current short-interest ratio of approximately 0.9 days.

Daiwa Securities Group Stock Performance

On Thursday, OTCMKTS DSEEY saw an increase of $0.05, bringing its trading price to $6.57. The trading volume for the day was 2,789 shares, which is lower than the average volume of 13,187 shares. At present, Daiwa’s stock shows a fifty-day moving average of $6.66 and a 200-day moving average of $7.15. The company's market capitalization stands at $9.23 billion, with a P/E ratio of 9.66 and a beta of 0.60. Daiwa Securities Group holds a debt-to-equity ratio of 1.80, a quick ratio of 1.12, and a current ratio also at 1.12. The stock has fluctuated within a 52-week low of $5.87 and a high of $8.49.

Daiwa Securities Group (OTCMKTS:DSEEY - Get Free Report) recently announced its earnings results on Tuesday, October 29th. The financial services firm reported earnings per share (EPS) of $0.27 for the quarter, alongside revenues amounting to $2.38 billion. The company achieved a return on equity of 8.23% and maintained a net margin of 10.47%.

About Daiwa Securities Group

Daiwa Securities Group Inc. operates mainly as a securities broker-dealer both in Japan and globally, along with its subsidiaries. It operates across four primary segments: Retail, Wholesale, Asset Management, and Investment. The Retail division provides a range of asset management services including equities, bonds, investment trusts, wrap account services, insurance, and banking services.

Conclusion

The notable increase in short interest for Daiwa Securities Group highlights the changing investor sentiment around the stock. Staying informed about such movements could unwarrantedly influence trading strategies.

Daiwa, Securities, Investing