Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY) Sees Large Increase in Short Interest

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 490 shares, a growth of 94.4% from the August 15th total of 252 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 600 shares, the days-to-cover ratio is presently 0.8 days.

Aisin Seiki Price Performance

ASEKY opened at $15.10 on Wednesday. Aisin Seiki has a 12 month low of $12.85 and a 12 month high of $19.50. The company has a market cap of $10.96 billion, a PE ratio of 10.41 and a beta of 0.52. The company has a current ratio of 1.79, a quick ratio of 1.27 and a debt-to-equity ratio of 0.22. The company has a 50 day moving average of $14.47 and a 200 day moving average of $14.50.

Aisin Seiki (OTCMKTS:ASEKY) last issued its earnings results on Friday, July 31st. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The business had revenue of $8.26 billion for the quarter, compared to analysts’ expectations of $7.89 billion. Aisin Seiki had a net margin of 3.14% and a return on equity of 6.73%. On average, sell-side analysts expect that Aisin Seiki will post 1.25 EPS for the current year.

Analyst Ratings Changes

Separately, Zacks Research cut Aisin Seiki from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Aisin Seiki currently has a consensus rating of “Moderate Buy”.

Aisin Seiki Company Profile

Aisin Seiki Co, Ltd., now operating under the name Aisin Corporation, is a Japan-based automotive components manufacturer and a member of the Toyota Group. The company develops and produces systems and components used by automakers and other transportation-related customers.

Aisin’s products include automatic and manual transmissions, hybrid and electric-drive components, engine-related systems, brakes, chassis and suspension components, doors, sunroofs, and other body systems. The company also develops automotive electronics and products related to vehicle connectivity, as well as selected energy and lifestyle-related systems.

Founded in 1965, Aisin has expanded from its Japanese manufacturing base into an international supplier with research, production, and sales operations serving customers in Asia, North America, Europe, and other global markets.