Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY) Shares Shorted: Short Interest Down 63.6% in October

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totaling 79 shares, a drop of 63.6% from the September 30th total of 217 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 2,055 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Ratings Changes

Separately, Zacks Research raised Aisin Seiki from a “strong sell” rating to a “hold” rating in a research note on Monday, October 12th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Aisin Seiki currently has a consensus rating of “Buy”.

Aisin Seiki Price Performance

ASEKY remained flat at $14.29 during trading on Friday. 106 shares of the company’s stock were exchanged, compared to its average volume of 719. The company has a quick ratio of 1.27, a current ratio of 1.79 and a debt-to-equity ratio of 0.22. The company has a 50 day simple moving average of $14.47 and a 200-day simple moving average of $14.91. Aisin Seiki has a twelve month low of $12.85 and a twelve month high of $19.50. The stock has a market capitalization of $10.38 billion, a PE ratio of 9.86 and a beta of 0.55.

Aisin Seiki (OTCMKTS:ASEKY) last announced its earnings results on Thursday, October 29th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.09). The business had revenue of $8.45 billion for the quarter, compared to the consensus estimate of $8.39 billion. Aisin Seiki had a net margin of 3.14% and a return on equity of 6.73%. As a group, equities research analysts anticipate that Aisin Seiki will post 1.25 EPS for the current year.

About Aisin Seiki

Aisin Seiki Co, Ltd., now known as Aisin Corporation, is a Japanese manufacturer of automotive components and systems. The company develops and produces automatic and manual transmissions, hybrid and electric vehicle drive systems, engines and engine components, braking systems, chassis components, and body-related products. It also offers aftermarket parts and services for vehicles.

Established in 1965, Aisin became a major supplier to Toyota and other global vehicle manufacturers. Its products are used in passenger cars, commercial vehicles, and other mobility applications, while its business has expanded to include components designed for electrified vehicles and connected mobility.

Aisin serves automotive customers through manufacturing, engineering, and sales operations in Japan and international markets, including North America, Europe, and Asia.