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

Daikin Industries (OTCMKTS:DKILY) saw a large increase in short interest during 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 company’s shares are short sold. Based on an average trading volume of 839,168 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 839,168 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the company’s shares are short sold.

Daikin Industries Price Performance

DKILY opened at $12.20 on Wednesday. Daikin Industries has a 1 year low of $9.90 and a 1 year high of $14.03. The company’s 50 day simple moving average is $12.33 and its 200 day simple moving average is $12.29. The stock has a market capitalization of $35.76 billion, a PE ratio of 19.68, a P/E/G ratio of 2.50 and a beta of 0.88. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.23 and a current ratio of 1.95.

Daikin Industries (OTCMKTS:DKILY) last posted its quarterly earnings results on Wednesday, February 4th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). Daikin Industries had a return on equity of 9.00% and a net margin of 5.69%.The company had revenue of $7.63 billion for the quarter, compared to analysts’ expectations of $1,153.92 billion. As a group, sell-side analysts expect that Daikin Industries will post 0.56 EPS for the current year.

About Daikin Industries

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.