Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY) Shares Shorted: Short Interest Down 63.6% in October

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 79 shares, a drop of 63.6% from the September 30th total of 217 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 2,055 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Aisin Seiki from a “strong sell” rating to a “hold” rating in a research note on Monday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy”.

Aisin Seiki Trading Down 4.3%

Shares of Aisin Seiki stock opened at $13.68 on Friday. The business has a fifty day simple moving average of $14.47 and a two-hundred day simple moving average of $14.89. Aisin Seiki has a 1 year low of $12.85 and a 1 year high of $19.50. The company has a market capitalization of $9.93 billion, a price-to-earnings ratio of 10.75 and a beta of 0.55. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.79 and a quick ratio of 1.27.

Aisin Seiki (OTCMKTS:ASEKY) last released its quarterly earnings data on Thursday, October 29th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.09). The company had revenue of $8.45 billion for the quarter, compared to the consensus estimate of $8.39 billion. Aisin Seiki had a return on equity of 6.12% and a net margin of 2.87%. Research analysts forecast that Aisin Seiki will post 1.25 EPS for the current year.

About Aisin Seiki

Aisin Seiki Co, Ltd., now known as Aisin Corporation, is a Japanese manufacturer of automotive components and systems. The company develops and produces automatic and manual transmissions, hybrid and electric vehicle drive systems, engines and engine components, braking systems, chassis components, and body-related products. It also offers aftermarket parts and services for vehicles.

Established in 1965, Aisin became a major supplier to Toyota and other global vehicle manufacturers. Its products are used in passenger cars, commercial vehicles, and other mobility applications, while its business has expanded to include components designed for electrified vehicles and connected mobility.

Aisin serves automotive customers through manufacturing, engineering, and sales operations in Japan and international markets, including North America, Europe, and Asia.