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

Daikin Industries,Ltd. (OTCMKTS:DKILY) was the target of a significant increase in short interest in October. As of October 31st, there was short interest totalling 139,900 shares, an increase of 115.2% from the October 15th total of 65,000 shares. Based on an average daily volume of 1,230,400 shares, the short-interest ratio is presently 0.1 days.

Daikin Industries,Ltd. Stock Down 1.4 %

Shares of DKILY traded down $0.17 during midday trading on Friday, hitting $11.92. The company had a trading volume of 763,361 shares, compared to its average volume of 517,253. The company has a quick ratio of 1.07, a current ratio of 1.68 and a debt-to-equity ratio of 0.11. Daikin Industries,Ltd. has a 52 week low of $11.16 and a 52 week high of $17.14. The company’s 50 day moving average price is $12.61 and its 200 day moving average price is $13.49. The stock has a market cap of $34.94 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 1.94 and a beta of 1.01.

Daikin Industries,Ltd. (OTCMKTS:DKILY) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.20 earnings per share (EPS) for the quarter. Daikin Industries,Ltd. had a return on equity of 8.68% and a net margin of 5.56%. The firm had revenue of $8.35 billion for the quarter, compared to analysts’ expectations of $7.66 billion. On average, equities research analysts predict that Daikin Industries,Ltd. will post 0.6 EPS for the current year.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group lowered Daikin Industries,Ltd. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 15th.

About Daikin Industries,Ltd.

Daikin Industries,Ltd. manufactures, distributes, and sells air-conditioning and refrigeration equipment, and chemical products in Japan, the Americas, China, Asia, Europe, Europe, and internationally. The company’s air-conditioning and refrigeration equipment products include room air-conditioning systems; air purifiers; heat-pump hot-water supply and room-heating systems; packaged air-conditioning systems; multiple air-conditioning systems for office buildings; air-conditioning systems for facilities and plants; heat reclaim ventilators; freezers; water chillers; turbo refrigerator equipment; air-handling units; air filters; industrial dust collectors; marine-type container refrigeration; and refrigerating and freezing showcases.