Daikin Industries (OTCMKTS:DKILY) Sees Significant Increase in Short Interest

Daikin Industries (OTCMKTS:DKILY) was the recipient of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 152,307 shares, an increase of 172.6% from the June 15th total of 55,876 shares. Based on an average daily volume of 547,378 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the shares of the company are sold short.

Daikin Industries Price Performance

Shares of OTCMKTS DKILY opened at $15.45 on Wednesday. The stock has a market capitalization of $45.29 billion, a PE ratio of 24.92, a P/E/G ratio of 1.70 and a beta of 0.95. Daikin Industries has a fifty-two week low of $11.00 and a fifty-two week high of $16.43. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.93 and a quick ratio of 1.26. The business has a fifty day moving average price of $15.08 and a two-hundred day moving average price of $13.46.

Daikin Industries (OTCMKTS:DKILY) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.04. The business had revenue of $8.56 billion during the quarter, compared to analysts’ expectations of $7.82 billion. Daikin Industries had a net margin of 5.51% and a return on equity of 8.95%. As a group, equities analysts predict that Daikin Industries will post 0.65 earnings per share for the current fiscal 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 report on Monday, June 1st. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

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.