Daiwa Securities Group Inc. Sees Significant Increase in Short Interest in December

Daiwa Securities Group Inc. (OTCMKTS:DSEEY - Get Free Report) experienced a notable rise in short interest for the month of December. As of December 15th, the total short interest reached 9,300 shares, reflecting a dramatic increase of 190.6% when compared to the November 30th figure of just 3,200 shares. This uptick suggests heightened investor interest in short selling the stock. Given the average daily trading volume of 10,600 shares, the current days-to-cover ratio stands at 0.9 days.

The stock performance of Daiwa Securities Group displayed some activity as well. On Thursday, the stock traded up by $0.05, reaching a price of $6.57. The trading volume for the day was 2,789 shares, which is lower than its average volume of 13,187 shares. The stock’s fifty-day moving average is $6.66, while its 200-day moving average is $7.15. Daiwa Securities Group has a market capitalization of $9.23 billion, a price-to-earnings (P/E) ratio of 9.66, and a beta of 0.60. Furthermore, the company shows a debt-to-equity ratio of 1.80, with both the quick ratio and the current ratio at 1.12. The stock's performance in the past year has seen a low of $5.87 and a high of $8.49.

In its latest earnings announcement on October 29th, Daiwa Securities Group reported an earnings per share (EPS) of $0.27 for the quarter, alongside a revenue total of $2.38 billion. The firm's return on equity was recorded at 8.23%, and its net margin stood at 10.47%.

About Daiwa Securities Group

Daiwa Securities Group Inc. operates as a prominent securities broker-dealer both in Japan and on an international scale through its various subsidiaries. The company is structured around four key segments: Retail, Wholesale, Asset Management, and Investment. The Retail segment provides a range of products and services associated with asset management, which includes equities, bonds, investment trusts, wrap account services, insurance, banking services, and inheritance-related services.

Daiwa, Securities, Stocks