Short Interest in Daikin Industries (OTCMKTS:DKILY) Drops By 61.0%

Daikin Industries (OTCMKTS:DKILY) was the recipient of a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 18,445 shares, a decline of 61.0% from the December 31st total of 47,337 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 515,170 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 515,170 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Daikin Industries Trading Up 0.6%

DKILY stock traded up $0.07 during mid-day trading on Friday, hitting $11.97. 468,122 shares of the company were exchanged, compared to its average volume of 271,579. Daikin Industries has a 12-month low of $9.90 and a 12-month high of $14.03. The firm has a market capitalization of $35.09 billion, a P/E ratio of 19.31, a PEG ratio of 2.18 and a beta of 0.89. The business has a fifty day simple moving average of $12.60 and a 200-day simple moving average of $12.44. The company has a quick ratio of 1.24, a current ratio of 1.98 and a debt-to-equity ratio of 0.16.

Daikin Industries (OTCMKTS:DKILY) last announced its earnings results on Wednesday, November 5th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. The company had revenue of $8.25 billion for the quarter, compared to analyst estimates of $1,253.56 billion. Daikin Industries had a return on equity of 9.16% and a net margin of 5.80%. On average, equities research analysts predict that Daikin Industries will post 0.56 earnings per share for the current fiscal year.

Daikin Industries Company Profile

Daikin Industries is a Japanese multinational manufacturer best known for its heating, ventilation and air conditioning (HVAC) systems and related products. Headquartered in Osaka, the company designs, manufactures and sells a broad range of climate-control equipment for residential, commercial and industrial applications. Its portfolio spans wall‑mounted and packaged air conditioners, rooftop units, chillers, heat pumps, compressors, air purifiers and controls, as well as associated spare parts and aftermarket services.

In addition to finished HVAC systems, Daikin produces refrigerants and fluorochemical products used across the cooling industry, and it develops compressors and heat-exchange technologies that underpin its product lines.