Daikin Industries (OTCMKTS:DKILY) Sees Large Growth in Short Interest

Daikin Industries (OTCMKTS:DKILY) was the recipient of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 244,156 shares, an increase of 266.4% from the February 26th total of 66,637 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 839,168 shares, the short-interest ratio is presently 0.3 days.

Daikin Industries Stock Performance

Daikin Industries stock traded up $0.22 during mid-day trading on Thursday, hitting $12.62. The company had a trading volume of 282,888 shares, compared to its average volume of 329,414. The company has a market capitalization of $37.00 billion, a price-to-earnings ratio of 20.36, a P/E/G ratio of 2.54 and a beta of 0.88. The company’s fifty day moving average is $12.33 and its 200-day moving average is $12.30. Daikin Industries has a 12-month low of $9.90 and a 12-month high of $14.03. The company has a current ratio of 1.95, a quick ratio of 1.23 and a debt-to-equity ratio of 0.14.

Daikin Industries (OTCMKTS:DKILY) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.03). The firm had revenue of $7.63 billion for the quarter, compared to analysts’ expectations of $1,153.92 billion. Daikin Industries had a return on equity of 9.00% and a net margin of 5.69%. Equities research analysts predict that Daikin Industries will post 0.56 EPS for the current 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.