Resona Holdings, Inc. (OTCMKTS:RSNHF) Sees Large Growth in Short Interest

Resona Holdings, Inc. (OTCMKTS:RSNHFGet Rating) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 932,600 shares, an increase of 16.6% from the March 31st total of 800,100 shares. Based on an average daily trading volume, of 4,100 shares, the days-to-cover ratio is currently 227.5 days.

Separately, Daiwa Capital Markets downgraded Resona from an “outperform” rating to a “neutral” rating in a report on Wednesday, March 9th.

Shares of OTCMKTS RSNHF opened at $4.30 on Thursday. Resona has a 12 month low of $3.73 and a 12 month high of $4.80. The business has a fifty day simple moving average of $4.46 and a 200-day simple moving average of $4.24.

Resona Company Profile (Get Rating)

Resona Holdings, Inc, through its subsidiaries, provides banking products and services in Japan and internationally. The company offers factoring, credit card administration, venture capital operation, investment management, and investment advisory and agency services. It also offers banking and trust banking, credit guarantee, collection of bills and receivables, factoring, and credit card administration and guarantee facilities.

Further Reading

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