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

Daikin Industries (OTCMKTS:DKILY) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 78,624 shares, a growth of 195.7% from the August 31st total of 26,586 shares. Based on an average daily trading volume, of 1,191,317 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Daikin Industries Price Performance

Shares of Daikin Industries stock traded up $0.14 during trading on Friday, reaching $13.20. 154,023 shares of the company’s stock were exchanged, compared to its average volume of 431,262. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.05 and a current ratio of 1.62. Daikin Industries has a 1-year low of $11.00 and a 1-year high of $16.43. The company has a market cap of $38.69 billion, a P/E ratio of 21.64, a PEG ratio of 1.46 and a beta of 0.90. The firm’s 50-day moving average price is $13.60 and its 200 day moving average price is $13.91.

Daikin Industries (OTCMKTS:DKILY) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01. Daikin Industries had a return on equity of 8.73% and a net margin of 5.24%.The business had revenue of $9.05 billion for the quarter, compared to analyst estimates of $8.41 billion. As a group, research analysts anticipate that Daikin Industries will post 0.65 earnings per share for the current year.

Analysts Set New Price Targets

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

About Daikin Industries

Daikin Industries, Ltd. is a Japanese manufacturer specializing in heating, ventilation, air conditioning and refrigeration equipment. Its products include residential and commercial air conditioners, heat pumps, air purifiers, chillers, refrigeration systems and related controls. The company serves homeowners, businesses, building operators and industrial customers.

Daikin also operates a fluorochemicals business that develops refrigerants, fluoropolymers and other chemical products used in applications such as electronics, automotive components, industrial equipment and construction materials.