Dai-ichi Life Holdings, Inc. (OTCMKTS:DCNSF) Sees Large Decline in Short Interest

Dai-ichi Life Holdings, Inc. (OTCMKTS:DCNSF) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 1,396,007 shares, a decline of 43.0% from the September 30th total of 2,448,699 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ? days.

Dai-ichi Life Stock Performance

OTCMKTS DCNSF opened at $11.44 on Tuesday. Dai-ichi Life has a twelve month low of $6.82 and a twelve month high of $12.15. The stock has a fifty day simple moving average of $11.60 and a 200 day simple moving average of $10.58.

About Dai-ichi Life

Dai-ichi Life Holdings, Inc is a Japan-based insurance and financial services group. The company traces its origins to Dai-ichi Life Insurance Company, founded in 1902, and became a publicly traded holding company in 2010 following the demutualization of its primary life insurance business.

Through its subsidiaries, Dai-ichi Life provides life insurance, medical and health insurance, annuities, savings products, and related financial services. Its Japanese operations include Dai-ichi Life, Dai-ichi Frontier Life, which focuses on savings-oriented products distributed through financial institutions, and Neo First Life, which offers protection-focused insurance products.

The group also operates internationally through businesses including Protective Life in the United States and TAL in Australia, as well as life insurance operations in selected Asian markets.