Daiwa Securities Group Inc. (OTCMKTS:DSEEY) was the recipient of a large decline in short interest during the month of May. As of May 14th, there was short interest totalling 1,500 shares, a decline of 72.7% from the April 29th total of 5,500 shares. Based on an average daily volume of 8,300 shares, the days-to-cover ratio is currently 0.2 days.
Separately, The Goldman Sachs Group restated a “neutral” rating on shares of Daiwa Securities Group in a report on Tuesday, March 9th.
DSEEY traded up $0.07 on Thursday, hitting $5.96. The company had a trading volume of 333 shares, compared to its average volume of 3,904. Daiwa Securities Group has a 1-year low of $4.00 and a 1-year high of $6.00. The stock has a market cap of $10.13 billion, a price-to-earnings ratio of 11.84 and a beta of 0.81. The company’s fifty day moving average price is $5.42 and its 200 day moving average price is $4.93. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.16 and a quick ratio of 1.16.
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. It provides services, such as brokerage, trading, underwriting, strategic advice, product development, and structured finance.
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