Daikin Industries (OTCMKTS:DKILY) Sees Significant Increase in Short Interest

Daikin Industries (OTCMKTS:DKILY) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 78,624 shares, an increase of 195.7% from the August 31st total of 26,586 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 1,191,317 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

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

Daikin Industries Stock Up 1.1%

OTCMKTS:DKILY traded up $0.14 on Friday, hitting $13.20. 154,023 shares of the company’s stock traded hands, compared to its average volume of 431,262. The company has a current ratio of 1.62, a quick ratio of 1.05 and a debt-to-equity ratio of 0.15. Daikin Industries has a 1 year low of $11.00 and a 1 year high of $16.43. The firm has a 50-day moving average price of $13.60 and a 200-day moving average price of $13.91. The company has a market cap of $38.69 billion, a PE ratio of 21.64, a price-to-earnings-growth ratio of 1.44 and a beta of 0.90.

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

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.