Tokyu Fudosan Holdings Co. (OTCMKTS:TKFOY) Sees Large Increase in Short Interest

Tokyu Fudosan Holdings Co. (OTCMKTS:TKFOY) was the recipient of a large growth in short interest in the month of 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 daily volume of 10 shares, the short-interest ratio is currently 3.3 days.

Tokyu Fudosan Stock Performance

Shares of TKFOY opened at $14.96 on Thursday. The business’s fifty day moving average price is $16.51 and its two-hundred day moving average price is $15.77. Tokyu Fudosan has a 52 week low of $14.96 and a 52 week high of $18.36.

Analysts Set New Price Targets

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

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.