Daiwa House Industry Co., Ltd. has reported a significant increase in short interest, rising by 97.8% in October. As of October 15, 2023, the short interest reached a total of 54,400 shares, up from 27,500 shares noted on September 30, 2023. This surge indicates heightened investor speculation regarding the company’s stock performance.
Approximately 0.0% of Daiwa House’s stock is currently sold short. With an average daily trading volume of 45,700 shares, the days-to-cover ratio stands at 1.2 days. This metric suggests that it would take just over a day for all short positions to be covered based on the current trading volume.
On Friday, the stock opened at $33.90, reflecting a decline of 1.2%. The company’s fifty-day simple moving average is $35.53, while the two-hundred-day moving average is $34.91. Over the past year, Daiwa House has seen its stock range from a low of $27.95 to a high of $38.72. The current market capitalization is approximately $22.36 billion, with a price-to-earnings (P/E) ratio of 10.27 and a beta of 0.44.
Daiwa House Industry last reported its quarterly earnings on August 6, 2023, revealing an earnings per share (EPS) of $0.84. This figure exceeded analysts’ consensus estimate of $0.81 by $0.03. The company’s revenue for the quarter amounted to $8.76 billion, slightly below the anticipated $8.93 billion.
Overview of Daiwa House Industry
Daiwa House Industry Co., Ltd. operates primarily in the construction contracts sector, both in Japan and internationally. The company functions through six distinct segments: Detached Houses, Rental Housing, Condominiums, Commercial Facilities, Business Facilities, and Environmental Energy. The Detached Houses segment focuses on custom-ordered housing and the sale of detached houses and lots, positioning the firm as a key player in the housing market.
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