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

Daikin Industries,Ltd. (OTCMKTS:DKILY) saw a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 1,318,600 shares, an increase of 842.5% from the October 31st total of 139,900 shares. Based on an average daily volume of 1,147,300 shares, the days-to-cover ratio is presently 1.1 days.

Daikin Industries,Ltd. Stock Down 1.3 %

DKILY traded down $0.16 during trading on Friday, hitting $11.83. The company had a trading volume of 224,681 shares, compared to its average volume of 591,035. The company has a market capitalization of $34.68 billion, a PE ratio of 22.75, a PEG ratio of 1.89 and a beta of 1.01. The company has a quick ratio of 1.07, a current ratio of 1.68 and a debt-to-equity ratio of 0.11. Daikin Industries,Ltd. has a one year low of $11.16 and a one year high of $17.14. The firm’s 50-day moving average price is $12.55 and its 200 day moving average price is $13.31.

Daikin Industries,Ltd. (OTCMKTS:DKILY) last released its earnings results on Wednesday, November 6th. The company reported $0.20 EPS for the quarter. The firm had revenue of $8.35 billion for the quarter, compared to analysts’ expectations of $7.66 billion. Daikin Industries,Ltd. had a return on equity of 8.68% and a net margin of 5.56%. As a group, equities analysts expect that Daikin Industries,Ltd. will post 0.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Daikin Industries,Ltd. Company Profile

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.