Short Interest in Daiwa House Industry Co., Ltd. (OTCMKTS:DWAHY) Decreases By 80.7%

Daiwa House Industry Co., Ltd. (OTCMKTS:DWAHY) saw a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 4,900 shares, a drop of 80.7% from the October 31st total of 25,400 shares. Based on an average trading volume of 69,600 shares, the days-to-cover ratio is currently 0.1 days.

Daiwa House Industry Stock Performance

Shares of DWAHY stock traded up $0.86 during mid-day trading on Friday, reaching $31.47. The company’s stock had a trading volume of 9,297 shares, compared to its average volume of 46,462. The firm’s 50-day moving average is $30.46 and its two-hundred day moving average is $28.74. The company has a market cap of $20.75 billion, a P/E ratio of 10.15 and a beta of 0.57. Daiwa House Industry has a 1-year low of $24.12 and a 1-year high of $33.80.

Analyst Upgrades and Downgrades

Separately, Citigroup upgraded Daiwa House Industry to a “hold” rating in a research 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.