Daikin Industries (OTCMKTS:DKILY) Short Interest Up 141.9% in August

Daikin Industries (OTCMKTS:DKILY) was the target of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 250,745 shares, a growth of 141.9% from the July 30th total of 103,670 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 459,064 shares, the short-interest ratio is currently 0.5 days.

Analysts Set New Price Targets

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

Daikin Industries Price Performance

OTCMKTS:DKILY traded down $0.01 during trading hours on Friday, reaching $12.97. 311,682 shares of the company were exchanged, compared to its average volume of 295,596. The firm has a market cap of $38.02 billion, a PE ratio of 21.26, a price-to-earnings-growth ratio of 1.43 and a beta of 0.94. Daikin Industries has a twelve month low of $11.00 and a twelve month high of $16.43. The stock’s 50-day moving average is $14.43 and its 200-day moving average is $13.82. The company has a current ratio of 1.93, a quick ratio of 1.26 and a debt-to-equity ratio of 0.18.

Daikin Industries (OTCMKTS:DKILY) last announced its earnings results on Tuesday, August 4th. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. Daikin Industries had a return on equity of 8.54% and a net margin of 5.24%.The business had revenue of $9.05 billion during the quarter, compared to analysts’ expectations of $8.41 billion. On average, sell-side analysts anticipate that Daikin Industries will post 0.65 earnings per share for the current fiscal year.

About Daikin Industries

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.