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

Daikin Industries (OTCMKTS:DKILY) was the recipient of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 250,745 shares, a growth of 141.9% from the July 30th total of 103,670 shares. Based on an average daily trading volume, of 459,064 shares, the short-interest ratio is currently 0.5 days. Approximately 0.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

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

Daikin Industries Price Performance

Shares of Daikin Industries stock opened at $12.98 on Friday. Daikin Industries has a 52 week low of $11.00 and a 52 week high of $16.43. The company has a current ratio of 1.93, a quick ratio of 1.26 and a debt-to-equity ratio of 0.18. The company’s 50-day moving average price is $14.47 and its two-hundred day moving average price is $13.83. The stock has a market cap of $38.06 billion, a PE ratio of 21.29, a price-to-earnings-growth ratio of 1.44 and a beta of 0.94.

Daikin Industries (OTCMKTS:DKILY) last issued its 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 for the quarter, compared to analysts’ expectations of $8.41 billion. Daikin Industries had a return on equity of 8.54% and a net margin of 5.24%. As a group, sell-side analysts anticipate that Daikin Industries will post 0.65 EPS for the current fiscal year.

About Daikin Industries

Daikin Industries is a Japanese multinational manufacturer best known for its heating, ventilation and air conditioning (HVAC) systems and related products. Headquartered in Osaka, the company designs, manufactures and sells a broad range of climate-control equipment for residential, commercial and industrial applications. Its portfolio spans wall‑mounted and packaged air conditioners, rooftop units, chillers, heat pumps, compressors, air purifiers and controls, as well as associated spare parts and aftermarket services.

In addition to finished HVAC systems, Daikin produces refrigerants and fluorochemical products used across the cooling industry, and it develops compressors and heat-exchange technologies that underpin its product lines.