Daikin Industries (OTCMKTS:DKILY) Short Interest Down 33.5% in May

Daikin Industries (OTCMKTS:DKILY) was the recipient of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 73,918 shares, a decrease of 33.5% from the May 14th total of 111,216 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 459,490 shares, the days-to-cover ratio is currently 0.2 days.

Daikin Industries Stock Up 0.5%

Daikin Industries stock opened at $14.50 on Tuesday. Daikin Industries has a twelve month low of $10.80 and a twelve month high of $16.43. The company’s 50-day moving average price is $14.28 and its two-hundred day moving average price is $13.10. The stock has a market cap of $42.50 billion, a P/E ratio of 23.39, a P/E/G ratio of 1.59 and a beta of 0.96. The company has a quick ratio of 1.23, a current ratio of 1.95 and a debt-to-equity ratio of 0.14.

Daikin Industries (OTCMKTS:DKILY) last released its quarterly earnings results on Tuesday, May 12th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. Daikin Industries had a net margin of 5.51% and a return on equity of 9.10%. The company had revenue of $8.56 billion during the quarter, compared to the consensus estimate of $7.82 billion. As a group, analysts expect that Daikin Industries will post 0.65 EPS for the current year.

Wall Street Analyst Weigh In

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

About Daikin Industries

Daikin Industries is a Japanese multinational manufacturer best known for its heating, ventilation and air conditioning (HVAC) systems and related products. Headquartered in Osaka, the company designs, manufactures and sells a broad range of climate-control equipment for residential, commercial and industrial applications. Its portfolio spans wall?mounted and packaged air conditioners, rooftop units, chillers, heat pumps, compressors, air purifiers and controls, as well as associated spare parts and aftermarket services.

In addition to finished HVAC systems, Daikin produces refrigerants and fluorochemical products used across the cooling industry, and it develops compressors and heat-exchange technologies that underpin its product lines.