Daito Trust Construction Co.,Ltd. (OTCMKTS:DIFTY) Short Interest Up 114.1% in September

Daito Trust Construction Co.,Ltd. (OTCMKTS:DIFTY) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 45,600 shares, a growth of 114.1% from the September 15th total of 21,300 shares. Based on an average daily trading volume, of 43,800 shares, the days-to-cover ratio is presently 1.0 days.

DIFTY traded up $0.56 during trading on Thursday, reaching $28.83. 9,811 shares of the company traded hands, compared to its average volume of 19,402. The company has a current ratio of 6.51, a quick ratio of 6.51 and a debt-to-equity ratio of 0.27. Daito Trust Construction Co.,Ltd. has a 12-month low of $21.38 and a 12-month high of $31.80. The firm has a fifty day simple moving average of $28.97 and a 200 day simple moving average of $28.46.

Separately, Citigroup assumed coverage on shares of Daito Trust Construction Co.,Ltd. in a research note on Thursday. They set a “buy” rating on the stock.

About Daito Trust Construction Co.,Ltd.

Daito Trust Construction Co, Ltd. engages in the design and construction of apartments, condominiums, rental office buildings, factories and warehouses. It also provides tenant recruiting, building maintenance and contracting arrangements. It operates through the following segments: Construction, Real Estate, Finance, and Others.

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