Short Interest in Daikin Industries (OTCMKTS:DKILY) Declines By 89.4%

by · The Markets Daily

Daikin Industries (OTCMKTS:DKILY – Get Free Report) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 26,586 shares, a decrease of 89.4% from the August 15th total of 250,745 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 593,637 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

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

Get Our Latest Analysis on Daikin Industries

Daikin Industries Price Performance

DKILY stock traded down $0.18 during trading hours on Thursday, hitting $13.33. 1,273,962 shares of the stock traded hands, compared to its average volume of 322,242. The stock has a 50-day simple moving average of $14.10 and a 200 day simple moving average of $13.87. The company has a market cap of $39.07 billion, a P/E ratio of 21.85, a P/E/G ratio of 1.46 and a beta of 0.90. Daikin Industries has a one year low of $11.00 and a one year high of $16.43. The company has a current ratio of 1.62, a quick ratio of 1.26 and a debt-to-equity ratio of 0.15.

Daikin Industries (OTCMKTS:DKILY – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.17 by $0.01. Daikin Industries had a net margin of 5.24% and a return on equity of 8.73%. The firm had revenue of $9.05 billion for the quarter, compared to analysts’ expectations of $8.41 billion. Equities analysts forecast that Daikin Industries will post 0.65 earnings per share for the current year.

Daikin Industries Company Profile

(Get Free Report)

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.

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