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

Tokyu Fudosan Holdings Co. (OTCMKTS:TKFOY) was the target of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 1 shares, a drop of 99.8% from the July 30th total of 489 shares. Based on an average daily volume of 1 shares, the short-interest ratio is presently 1.0 days.

Analyst Ratings Changes

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

Tokyu Fudosan Stock Performance

Shares of TKFOY opened at $16.61 on Thursday. Tokyu Fudosan has a 12 month low of $16.61 and a 12 month high of $17.06. The stock has a fifty day moving average price of $16.83 and a 200 day moving average price of $15.67.

About Tokyu Fudosan

Tokyu Fudosan (OTCMKTS: TKFOY) is a Japan-based real estate developer and property management company operating as part of the Tokyu Group. The company focuses on comprehensive urban development, encompassing the planning, design and construction of residential, commercial and mixed-use properties. Leveraging its affiliation with the Tokyu rail network, Tokyu Fudosan often targets sites adjacent to transit hubs to create integrated communities that combine living, shopping and office space.

In its core property development segment, Tokyu Fudosan delivers high-rise condominiums, rental apartments and large-scale commercial facilities.