Tokyu Fudosan Holdings Co. (OTCMKTS:TKFOY) Shares Shorted: Short Interest Up 3,200.0% in October

Tokyu Fudosan Holdings Co. (OTCMKTS:TKFOY) saw a significant growth in short interest in October. As of October 30th, there was short interest totaling 33 shares, a growth of 3,200.0% from the October 15th total of 1 shares. Based on an average trading volume of 10 shares, the short-interest ratio is currently 3.3 days.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upgraded shares of Tokyu Fudosan from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 22nd. One equities research analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Tokyu Fudosan Stock Performance

Shares of OTCMKTS TKFOY remained flat at $14.96 during midday trading on Wednesday. The stock had a trading volume of 107 shares, compared to its average volume of 300. The stock has a 50 day moving average of $16.55 and a 200 day moving average of $15.76. Tokyu Fudosan has a 52-week low of $14.96 and a 52-week high of $18.36.

About Tokyu Fudosan

Tokyu Fudosan Holdings Corporation is a Japan-based real estate group whose shares trade over the counter in the United States under the symbol TKFOY. The company was established in 2013 as the holding company for the Tokyu Fudosan Group, which traces its origins to Tokyu Land Corporation, founded in 1953. Through its subsidiaries, the group develops and manages office buildings, commercial facilities, residential properties and logistics centers. Its activities also include residential sales and leasing, property management, real estate brokerage, investment management and asset management.