Short Interest in Daikin Industries (OTCMKTS:DKILY) Declines By 89.4%

Daikin Industries (OTCMKTS:DKILYGet Free Report) was the target of a large 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 company are short sold. Based on an average trading volume of 593,637 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

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

View Our Latest Report on Daikin Industries

Daikin Industries Stock Performance

DKILY traded down $0.18 on Thursday, hitting $13.33. 1,273,962 shares of the company’s stock were exchanged, compared to its average volume of 322,242. The company has a current ratio of 1.62, a quick ratio of 1.26 and a debt-to-equity ratio of 0.15. The stock has a fifty day moving average of $14.10 and a two-hundred day moving average of $13.87. Daikin Industries has a twelve month low of $11.00 and a twelve month high of $16.43. The firm has a market cap of $39.07 billion, a PE ratio of 21.85, a P/E/G ratio of 1.46 and a beta of 0.90.

Daikin Industries (OTCMKTS:DKILYGet Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The company had revenue of $9.05 billion during the quarter, compared to the consensus estimate of $8.41 billion. Daikin Industries had a return on equity of 8.73% and a net margin of 5.24%. On average, research analysts anticipate that Daikin Industries will post 0.65 earnings per share for the current fiscal year.

About Daikin Industries

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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.

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