Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY) Sees Significant Increase in Short Interest

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY) saw a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 302 shares, an increase of 282.3% from the October 15th total of 79 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 356 shares, the days-to-cover ratio is presently 0.8 days.

Analyst Ratings Changes

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

Aisin Seiki Stock Performance

Shares of OTCMKTS ASEKY opened at $13.84 on Friday. 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 business’s 50 day moving average is $14.30 and its two-hundred day moving average is $14.67. The company has a market cap of $10.04 billion, a P/E ratio of 10.40 and a beta of 0.59. Aisin Seiki has a 12 month low of $12.85 and a 12 month high of $19.50.

Aisin Seiki (OTCMKTS:ASEKY) last issued its quarterly earnings results on Thursday, October 29th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.09). Aisin Seiki had a return on equity of 6.12% and a net margin of 2.87%. The business had revenue of $8.45 billion for the quarter, compared to analyst estimates of $8.39 billion. On average, equities analysts expect that Aisin Seiki will post 1.23 EPS for the current year.

Aisin Seiki Company Profile

Aisin Seiki, now known as Aisin Corporation, is a Japan-based manufacturer of automotive components and systems. Its products include transmissions and other drivetrain components, brakes, chassis and body-related systems, and automotive electronics. The company also develops products for fields such as energy and lifestyle. Founded in 1965, Aisin Seiki became part of Aisin Corporation when it combined with Aisin AW in 2021. The company is headquartered in Kariya, Aichi Prefecture, Japan, and serves automakers and other customers through operations in Japan and international markets.