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

Sekisui House Ltd. (OTCMKTS:SKHSY) was the target of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 2,852 shares, a decline of 55.3% from the April 30th total of 6,382 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 541,158 shares, the short-interest ratio is currently 0.0 days.

Sekisui House Stock Down 1.0%

OTCMKTS SKHSY traded down $0.21 on Tuesday, reaching $20.30. The company had a trading volume of 133,285 shares, compared to its average volume of 198,937. The company’s fifty day moving average is $21.83 and its 200-day moving average is $22.39. Sekisui House has a 1-year low of $20.17 and a 1-year high of $25.61. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.79 and a current ratio of 2.79. The firm has a market capitalization of $13.22 billion, a price-to-earnings ratio of 9.03 and a beta of 0.37.

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

Wall Street Analyst Weigh In

Separately, CLSA raised Sekisui House to a “strong-buy” rating in a report on Monday, March 23rd. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Sekisui House currently has an average 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.