Daikin Industries (OTCMKTS:DKILY) Short Interest Up 141.9% in August

Daikin Industries (OTCMKTS:DKILYGet Free Report) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 250,745 shares, an increase of 141.9% from the July 30th total of 103,670 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 459,064 shares, the short-interest ratio is presently 0.5 days.

Analyst Ratings Changes

Separately, Jefferies Financial Group lowered 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, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Check Out Our Latest Report on DKILY

Daikin Industries Stock Down 0.1%

Shares of DKILY stock traded down $0.01 on Friday, reaching $12.97. 311,682 shares of the stock were exchanged, compared to its average volume of 295,596. The company has a current ratio of 1.93, a quick ratio of 1.26 and a debt-to-equity ratio of 0.18. The business’s 50 day moving average price is $14.43 and its 200 day moving average price is $13.82. The company has a market capitalization of $38.02 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 1.43 and a beta of 0.94. Daikin Industries has a twelve month low of $11.00 and a twelve month high of $16.43.

Daikin Industries (OTCMKTS:DKILYGet Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $0.18 EPS for the quarter, beating the consensus estimate 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 return on equity of 8.54% and a net margin of 5.24%. As a group, sell-side analysts expect that Daikin Industries will post 0.65 earnings per share for the current fiscal year.

About Daikin Industries

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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.

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