Daito Trust Construction Co., Ltd. (OTCMKTS:DIFTY) Stock Short Interest Falls 94.6%

by · The Cerbat Gem

Daito Trust Construction Co., Ltd. (OTCMKTS:DIFTY – Get Free Report) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 7,497 shares, a drop of 94.6% from the September 30th total of 138,657 shares. Based on an average daily trading volume, of 173,575 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Daito Trust Construction Stock Performance

DIFTY traded down $0.01 during trading on Monday, hitting $5.24. The stock had a trading volume of 118,565 shares, compared to its average volume of 134,271. The firm has a market cap of $7.22 billion, a PE ratio of 10.48 and a beta of 0.32. Daito Trust Construction has a 12 month low of $4.41 and a 12 month high of $6.17. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 0.38. The company has a 50 day simple moving average of $5.17 and a 200-day simple moving average of $5.16.

Daito Trust Construction (OTCMKTS:DIFTY – Get Free Report) last released its earnings results on Friday, July 31st. The company reported $0.13 earnings per share for the quarter. The firm had revenue of $3.01 billion for the quarter.

Daito Trust Construction Company Profile

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Daito Trust Construction Co, Ltd. is a Japanese company focused on construction, real estate, and property management. It develops and builds rental apartment buildings and other properties, primarily for landowners seeking to generate income from their real estate assets.

The company’s services extend beyond construction and include rental-property master leasing, tenant recruitment, leasing administration, building maintenance, and property management. Through its integrated model, Daito Trust Construction supports property owners throughout the development and operation of rental housing and related facilities.

Founded in Japan in 1974, the company serves customers primarily in the domestic Japanese market through its network of offices and group companies.

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