Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY) Short Interest Down 92.9% in May

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totaling 276 shares, a decline of 92.9% from the April 30th total of 3,902 shares. Based on an average trading volume of 433 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.0% of the company’s stock are short sold.

Aisin Seiki Stock Down 14.5%

Aisin Seiki stock traded down $2.30 during mid-day trading on Wednesday, hitting $13.60. The company had a trading volume of 288 shares, compared to its average volume of 2,175. The company has a current ratio of 1.74, a quick ratio of 1.17 and a debt-to-equity ratio of 0.22. The stock’s 50 day moving average price is $14.78 and its two-hundred day moving average price is $16.55. Aisin Seiki has a 12 month low of $11.40 and a 12 month high of $19.50. The company has a market capitalization of $10.32 billion, a PE ratio of 8.89 and a beta of 0.57.

Aisin Seiki (OTCMKTS:ASEKY) last released its earnings results on Tuesday, April 28th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.32 by $0.24. Aisin Seiki had a return on equity of 7.29% and a net margin of 3.34%.The business had revenue of $8.44 billion for the quarter, compared to the consensus estimate of $8.01 billion. As a group, sell-side analysts anticipate that Aisin Seiki will post 1.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. The Goldman Sachs Group raised Aisin Seiki from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Zacks Research raised Aisin Seiki from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Aisin Seiki has an average rating of “Buy”.

About Aisin Seiki

Aisin Seiki Co, Ltd., commonly known as Aisin, is a Japanese automotive parts manufacturer founded in 1949 and headquartered in Anjo, Aichi Prefecture. Originally established to supply repair parts for Toyota Motor Corporation, Aisin has grown into one of the world’s largest Tier-1 suppliers, delivering a broad portfolio of components to leading original equipment manufacturers (OEMs) across the globe.

The company’s core business centers on the design and production of automotive systems and components.