Daikin Industries (OTCMKTS:DKILY) Short Interest Update

Daikin Industries (OTCMKTS:DKILY) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 26,586 shares, a drop of 89.4% from the August 15th total of 250,745 shares. Based on an average trading volume of 593,637 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Daikin Industries Stock Down 1.3%

DKILY opened at $13.33 on Friday. Daikin Industries has a 12 month low of $11.00 and a 12 month high of $16.43. The business has a 50-day moving average of $14.10 and a two-hundred day moving average of $13.87. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.62 and a quick ratio of 1.26. The stock has a market capitalization of $39.07 billion, a price-to-earnings ratio of 21.85, a price-to-earnings-growth ratio of 1.49 and a beta of 0.90.

Daikin Industries (OTCMKTS:DKILY) last released its earnings results on Tuesday, August 4th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.01. Daikin Industries had a net margin of 5.24% and a return on equity of 8.73%. The business had revenue of $9.05 billion for the quarter, compared to analysts’ expectations of $8.41 billion. On average, research analysts expect that Daikin Industries will post 0.65 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group downgraded Daikin Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, June 1st. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Daikin Industries presently has a consensus rating of “Hold”.

About Daikin Industries

Daikin Industries, Ltd. is a Japanese manufacturer specializing in heating, ventilation, air conditioning and refrigeration equipment. Its products include residential and commercial air conditioners, heat pumps, air purifiers, chillers, refrigeration systems and related controls. The company serves homeowners, businesses, building operators and industrial customers.

Daikin also operates a fluorochemicals business that develops refrigerants, fluoropolymers and other chemical products used in applications such as electronics, automotive components, industrial equipment and construction materials.