Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY) Short Interest Up 94.4% in August

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY – Get Free Report) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 490 shares, a growth of 94.4% from the August 15th total of 252 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 600 shares, the short-interest ratio is presently 0.8 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of Aisin Seiki from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Aisin Seiki has an average rating of “Moderate Buy”.

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Aisin Seiki Stock Performance

Shares of OTCMKTS ASEKY opened at $15.10 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.27 and a current ratio of 1.79. The business’s 50 day moving average price is $14.49 and its 200-day moving average price is $14.49. Aisin Seiki has a fifty-two week low of $12.85 and a fifty-two week high of $19.50. The company has a market cap of $10.96 billion, a price-to-earnings ratio of 10.41 and a beta of 0.52.

Aisin Seiki (OTCMKTS:ASEKY – Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The company had revenue of $8.26 billion during the quarter, compared to analysts’ expectations of $7.89 billion. Aisin Seiki had a return on equity of 6.73% and a net margin of 3.14%. On average, sell-side analysts expect that Aisin Seiki will post 1.25 earnings per share for the current year.

About Aisin Seiki

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Aisin Seiki Co, Ltd., now operating under the name Aisin Corporation, is a Japan-based automotive components manufacturer and a member of the Toyota Group. The company develops and produces systems and components used by automakers and other transportation-related customers.

Aisin’s products include automatic and manual transmissions, hybrid and electric-drive components, engine-related systems, brakes, chassis and suspension components, doors, sunroofs, and other body systems. The company also develops automotive electronics and products related to vehicle connectivity, as well as selected energy and lifestyle-related systems.

Founded in 1965, Aisin has expanded from its Japanese manufacturing base into an international supplier with research, production, and sales operations serving customers in Asia, North America, Europe, and other global markets.

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