Short Interest in Daikin Industries,Ltd. (OTCMKTS:DKILY) Drops By 24.8%

Daikin Industries,Ltd. (OTCMKTS:DKILY) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 9,400 shares, a decline of 24.8% from the August 15th total of 12,500 shares. Based on an average daily trading volume, of 847,700 shares, the short-interest ratio is presently 0.0 days.

Daikin Industries,Ltd. Stock Performance

Shares of OTCMKTS DKILY traded up $0.10 during trading hours on Tuesday, hitting $12.35. 382,760 shares of the stock were exchanged, compared to its average volume of 509,675. Daikin Industries,Ltd. has a one year low of $11.16 and a one year high of $17.14. The company’s 50 day moving average is $12.92 and its 200 day moving average is $13.70. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.68 and a quick ratio of 1.07. The firm has a market capitalization of $36.20 billion, a P/E ratio of 20.25, a P/E/G ratio of 1.89 and a beta of 1.00.

Daikin Industries,Ltd. (OTCMKTS:DKILY) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.14 earnings per share (EPS) for the quarter. The company had revenue of $8.02 billion during the quarter, compared to analysts’ expectations of $7.82 billion. Daikin Industries,Ltd. had a net margin of 5.35% and a return on equity of 8.12%. On average, research analysts expect that Daikin Industries,Ltd. will post 0.61 EPS for the current year.

Analyst Ratings Changes

Separately, The Goldman Sachs Group downgraded Daikin Industries,Ltd. from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 15th.

About Daikin Industries,Ltd.

Daikin Industries,Ltd. manufactures, distributes, and sells air-conditioning and refrigeration equipment, and chemical products in Japan, the Americas, China, Asia, Europe, Europe, and internationally. The company's air-conditioning and refrigeration equipment products include room air-conditioning systems; air purifiers; heat-pump hot-water supply and room-heating systems; packaged air-conditioning systems; multiple air-conditioning systems for office buildings; air-conditioning systems for facilities and plants; heat reclaim ventilators; freezers; water chillers; turbo refrigerator equipment; air-handling units; air filters; industrial dust collectors; marine-type container refrigeration; and refrigerating and freezing showcases.