Daikin Industries (OTCMKTS:DKILY) Sees Large Increase in Short Interest

Daikin Industries (OTCMKTS:DKILY) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 34,400 shares, an increase of 503.5% from the September 30th total of 5,700 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 453,700 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 453,700 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Daikin Industries Stock Down 4.2%

Shares of OTCMKTS DKILY opened at $11.73 on Thursday. The firm’s 50-day simple moving average is $12.03 and its 200 day simple moving average is $11.92. The company has a market cap of $34.38 billion, a price-to-earnings ratio of 18.33, a price-to-earnings-growth ratio of 2.13 and a beta of 0.97. The company has a quick ratio of 1.16, a current ratio of 1.86 and a debt-to-equity ratio of 0.14. Daikin Industries has a 12-month low of $9.90 and a 12-month high of $14.03.

Daikin Industries (OTCMKTS:DKILY) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.03. The business had revenue of $8.24 billion for the quarter, compared to the consensus estimate of $1,253.30 billion. Daikin Industries had a net margin of 6.02% and a return on equity of 9.53%. On average, research analysts expect that Daikin Industries will post 0.56 earnings per share for the current fiscal year.

About Daikin Industries

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.