Daikin Industries (OTCMKTS:DKILY) Short Interest Down 33.5% in May

Daikin Industries (OTCMKTS:DKILY) saw a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 73,918 shares, a decrease of 33.5% from the May 14th total of 111,216 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 459,490 shares, the days-to-cover ratio is presently 0.2 days.

Daikin Industries Stock Up 0.5%

Shares of DKILY stock opened at $14.50 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.23 and a current ratio of 1.95. The firm’s 50-day moving average is $14.28 and its 200-day moving average is $13.10. The stock has a market cap of $42.50 billion, a price-to-earnings ratio of 23.39, a PEG ratio of 1.59 and a beta of 0.96. Daikin Industries has a 52-week low of $10.80 and a 52-week high of $16.43.

Daikin Industries (OTCMKTS:DKILY) last issued its earnings results on Tuesday, May 12th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. The company had revenue of $8.56 billion for the quarter, compared to analysts’ expectations of $7.82 billion. Daikin Industries had a net margin of 5.51% and a return on equity of 9.10%. Sell-side analysts predict that Daikin Industries will post 0.65 EPS for the current year.

Analysts Set New Price Targets

Separately, Jefferies Financial Group cut shares of Daikin Industries from a “strong-buy” rating to a “hold” rating in a report on Monday, June 1st. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Daikin Industries Company Profile

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.