Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY) Shares Shorted: Short Interest Down 60.0% in September

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY – Get Free Report) was the target of a large decline in short interest in September. As of September 15th, there was short interest totaling 196 shares, a decline of 60.0% from the August 31st total of 490 shares. Based on an average daily trading volume, of 478 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the company’s stock are sold short.

Analysts Set New Price Targets

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

Read Our Latest Stock Analysis on Aisin Seiki

Aisin Seiki Price Performance

ASEKY stock remained flat at $14.81 during midday trading on Monday. 74 shares of the company’s stock were exchanged, compared to its average volume of 643. The firm has a market capitalization of $10.75 billion, a P/E ratio of 10.21 and a beta of 0.52. The firm has a 50 day simple moving average of $14.59 and a two-hundred day simple moving average of $14.45. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.27 and a current ratio of 1.79. Aisin Seiki has a fifty-two week low of $12.85 and a fifty-two week high of $19.50.

Aisin Seiki (OTCMKTS:ASEKY – Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.01. Aisin Seiki had a return on equity of 6.73% and a net margin of 3.14%.The business had revenue of $8.26 billion during the quarter, compared to the consensus estimate of $7.89 billion. Analysts forecast that Aisin Seiki will post 1.25 earnings per share for the current year.

About Aisin Seiki

(Get Free Report)

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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