Short Interest in Daikin Industries,Ltd. (OTCMKTS:DKILY) Expands By 842.5%

Daikin Industries,Ltd. (OTCMKTS:DKILY) saw a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 1,318,600 shares, a growth of 842.5% from the October 31st total of 139,900 shares. Based on an average daily trading volume, of 1,147,300 shares, the short-interest ratio is currently 1.1 days.

Analyst Upgrades and Downgrades

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

Daikin Industries,Ltd. Stock Down 0.9 %

Shares of Daikin Industries,Ltd. stock traded down $0.11 during trading on Wednesday, reaching $11.99. The stock had a trading volume of 419,716 shares, compared to its average volume of 646,690. Daikin Industries,Ltd. has a 52 week low of $11.16 and a 52 week high of $17.14. The company has a current ratio of 1.68, a quick ratio of 1.07 and a debt-to-equity ratio of 0.11. The stock has a fifty day moving average price of $12.58 and a two-hundred day moving average price of $13.34. The company has a market capitalization of $35.14 billion, a price-to-earnings ratio of 20.67, a P/E/G ratio of 1.93 and a beta of 1.01.

Daikin Industries,Ltd. (OTCMKTS:DKILY) last released its earnings results 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 business had revenue of $8.35 billion for the quarter, compared to the consensus estimate of $7.66 billion. Sell-side analysts predict that Daikin Industries,Ltd. will post 0.61 EPS for the current fiscal year.

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.