Sekisui House Ltd. (OTCMKTS:SKHSY) Sees Significant Drop in Short Interest

Sekisui House Ltd. (OTCMKTS:SKHSY) was the recipient of a significant decline in short interest during the month of April. As of April 15th, there was short interest totaling 67,298 shares, a decline of 17.8% from the March 31st total of 81,879 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 93,833 shares, the days-to-cover ratio is currently 0.7 days.

Sekisui House Price Performance

Shares of OTCMKTS SKHSY traded up $0.38 during midday trading on Thursday, reaching $21.72. 138,262 shares of the company were exchanged, compared to its average volume of 59,846. The stock’s 50-day moving average price is $22.60 and its 200-day moving average price is $22.44. The stock has a market cap of $14.08 billion, a P/E ratio of 9.40 and a beta of 0.41. Sekisui House has a one year low of $20.20 and a one year high of $25.61. The company has a quick ratio of 2.79, a current ratio of 2.79 and a debt-to-equity ratio of 0.59.

Sekisui House (OTCMKTS:SKHSY) last posted its earnings results on Thursday, March 5th. The construction company reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.08). Sekisui House had a return on equity of 10.82% and a net margin of 5.51%.The company had revenue of $8.03 billion for the quarter, compared to the consensus estimate of $8.51 billion.

Analyst Ratings Changes

Separately, CLSA raised shares of Sekisui House to a “strong-buy” rating in a research note on Monday, March 23rd. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

About Sekisui House

Sekisui House, Ltd. is a leading Japanese homebuilder founded in 1960 and headquartered in Osaka, Japan. The company specializes in the design, construction, and sale of residential properties, positioning itself at the forefront of the nation’s housing industry. Since its inception, Sekisui House has emphasized quality craftsmanship, innovative building methods, and sustainable design, building a reputation for reliable and long-lasting homes.

The company’s core business activities encompass the development of single-family homes, condominiums and rental housing, along with community and urban redevelopment projects.