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

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

Tokyu Fudosan Price Performance

Tokyu Fudosan stock remained flat at $14.96 during midday trading on Tuesday. 107 shares of the company’s stock traded hands, compared to its average volume of 300. Tokyu Fudosan has a one year low of $14.96 and a one year high of $18.36. The business’s 50 day moving average price is $16.58 and its 200-day moving average price is $15.75.

Analyst Ratings Changes

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

Tokyu Fudosan Company Profile

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.