Daikin Industries,Ltd. (OTCMKTS:DKILY) Sees Significant Decrease in Short Interest

Daikin Industries,Ltd. (OTCMKTS:DKILY) saw a significant decline in short interest during the month of September. As of September 30th, there was short interest totalling 96,500 shares, a decline of 57.3% from the September 15th total of 226,200 shares. Based on an average trading volume of 1,055,600 shares, the short-interest ratio is presently 0.1 days.

Daikin Industries,Ltd. Price Performance

Shares of OTCMKTS:DKILY traded down $0.06 during trading on Friday, reaching $13.08. The stock had a trading volume of 327,471 shares, compared to its average volume of 504,758. Daikin Industries,Ltd. has a 52 week low of $11.16 and a 52 week high of $17.14. The business’s 50-day moving average price is $12.57 and its 200 day moving average price is $13.64. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.68 and a quick ratio of 1.07. The stock has a market capitalization of $38.34 billion, a PE ratio of 21.44, a P/E/G ratio of 2.06 and a beta of 1.00.

Daikin Industries,Ltd. (OTCMKTS:DKILY) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.14 earnings per share for the quarter. Daikin Industries,Ltd. had a net margin of 5.35% and a return on equity of 8.12%. The firm had revenue of $8.02 billion during the quarter, compared to analysts’ expectations of $7.82 billion. As a group, equities analysts predict that Daikin Industries,Ltd. will post 0.62 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.