Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY) Short Interest Down 92.9% in May

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 276 shares, a drop of 92.9% from the April 30th total of 3,902 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 433 shares, the days-to-cover ratio is presently 0.6 days.

Analyst Ratings Changes

ASEKY has been the topic of a number of recent analyst reports. 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 investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Aisin Seiki has an average rating of “Buy”.

Aisin Seiki Stock Down 14.5%

ASEKY stock traded down $2.30 during midday trading on Wednesday, hitting $13.60. The stock had a trading volume of 288 shares, compared to its average volume of 2,175. The firm has a market cap of $10.32 billion, a price-to-earnings ratio of 8.89 and a beta of 0.57. The business has a 50-day moving average of $14.78 and a two-hundred day moving average of $16.55. Aisin Seiki has a 52-week low of $11.40 and a 52-week high of $19.50. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.74 and a quick ratio of 1.17.

Aisin Seiki (OTCMKTS:ASEKY) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.24. The company 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, equities research analysts forecast that Aisin Seiki will post 1.4 earnings per share for the current fiscal year.

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.