Daikin Industries (OTCMKTS:DKILY) Short Interest Update

Daikin Industries (OTCMKTS:DKILY) saw a significant decrease in short interest in 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. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 593,637 shares, the short-interest ratio is presently 0.0 days.

Analyst Ratings Changes

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

Daikin Industries Trading Up 1.7%

OTCMKTS DKILY traded up $0.22 during trading hours on Friday, reaching $13.55. The company’s stock had a trading volume of 325,353 shares, compared to its average volume of 439,195. The firm has a fifty day simple moving average of $14.06 and a 200-day simple moving average of $13.86. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.62 and a quick ratio of 1.26. Daikin Industries has a 52 week low of $11.00 and a 52 week high of $16.43. The stock has a market cap of $39.72 billion, a P/E ratio of 22.21, a P/E/G ratio of 1.47 and a beta of 0.90.

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

Daikin Industries Company Profile

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.