Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY) Short Interest Down 71.4% in May

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY) saw a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 79 shares, a drop of 71.4% from the May 14th total of 276 shares. Based on an average daily volume of 459 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Aisin Seiki Stock Performance

Aisin Seiki stock opened at $14.20 on Friday. Aisin Seiki has a 12-month low of $12.11 and a 12-month high of $19.50. The company has a quick ratio of 1.17, a current ratio of 1.74 and a debt-to-equity ratio of 0.22. The business’s 50-day moving average price is $14.59 and its two-hundred day moving average price is $16.20. The stock has a market cap of $10.31 billion, a PE ratio of 9.28 and a beta of 0.51.

Aisin Seiki (OTCMKTS:ASEKY) last released its earnings results on Tuesday, April 28th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.24. The firm had revenue of $8.44 billion for the quarter, compared to analysts’ expectations of $8.01 billion. Aisin Seiki had a return on equity of 7.29% and a net margin of 3.34%. As a group, analysts expect that Aisin Seiki will post 1.4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. The Goldman Sachs Group upgraded Aisin Seiki from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Zacks Research upgraded Aisin Seiki from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy”.

About Aisin Seiki

Aisin Seiki Co, Ltd., commonly known as Aisin, is a Japanese automotive parts manufacturer founded in 1949 and headquartered in Anjo, Aichi Prefecture. Originally established to supply repair parts for Toyota Motor Corporation, Aisin has grown into one of the world’s largest Tier-1 suppliers, delivering a broad portfolio of components to leading original equipment manufacturers (OEMs) across the globe.

The company’s core business centers on the design and production of automotive systems and components.