Daikin Industries (OTCMKTS:DKILY) Stock Short Interest Climbs 195.7%

Daikin Industries (OTCMKTS:DKILY) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 78,624 shares, a growth of 195.7% from the August 31st total of 26,586 shares. Based on an average daily trading volume, of 1,191,317 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Daikin Industries Stock Up 1.1%

Shares of Daikin Industries stock traded up $0.14 on Friday, hitting $13.20. 154,023 shares of the company’s stock traded hands, compared to its average volume of 431,262. The company has a quick ratio of 1.05, a current ratio of 1.62 and a debt-to-equity ratio of 0.15. The firm’s 50-day moving average is $13.60 and its 200 day moving average is $13.91. Daikin Industries has a 52-week low of $11.00 and a 52-week high of $16.43. The stock has a market cap of $38.69 billion, a P/E ratio of 21.64, a PEG ratio of 1.44 and a beta of 0.90.

Daikin Industries (OTCMKTS:DKILY) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.01. Daikin Industries had a net margin of 5.24% and a return on equity of 8.73%. The firm had revenue of $9.05 billion for the quarter, compared to analyst estimates of $8.41 billion. Equities analysts anticipate that Daikin Industries will post 0.65 earnings per share for the current year.

Analysts Set New Price Targets

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

Daikin Industries Company Profile

Daikin Industries, Ltd. is a Japanese manufacturer specializing in heating, ventilation, air conditioning and refrigeration equipment. Its products include residential and commercial air conditioners, heat pumps, air purifiers, chillers, refrigeration systems and related controls. The company serves homeowners, businesses, building operators and industrial customers.

Daikin also operates a fluorochemicals business that develops refrigerants, fluoropolymers and other chemical products used in applications such as electronics, automotive components, industrial equipment and construction materials.