Daikin Industries,Ltd. (OTCMKTS:DKILY) Short Interest Update

Daikin Industries,Ltd. (OTCMKTS:DKILY) was the target of a significant decline in short interest in November. As of November 30th, there was short interest totalling 5,300 shares, a decline of 99.6% from the November 15th total of 1,318,600 shares. Based on an average trading volume of 1,065,700 shares, the short-interest ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group lowered shares of Daikin Industries,Ltd. from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 15th.

Daikin Industries,Ltd. Stock Performance

Shares of OTCMKTS DKILY traded down $0.21 during midday trading on Friday, reaching $11.62. 612,669 shares of the company were exchanged, compared to its average volume of 523,052. The stock has a fifty day simple moving average of $12.30 and a 200 day simple moving average of $13.06. Daikin Industries,Ltd. has a 1 year low of $11.16 and a 1 year high of $17.14. The company has a current ratio of 1.90, a quick ratio of 1.07 and a debt-to-equity ratio of 0.15. The stock has a market cap of $34.06 billion, a P/E ratio of 20.40, a PEG ratio of 2.01 and a beta of 1.00.

Daikin Industries,Ltd. (OTCMKTS:DKILY) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.20 earnings per share for the quarter. Daikin Industries,Ltd. had a net margin of 5.56% and a return on equity of 8.64%. The company had revenue of $8.35 billion during the quarter, compared to analyst estimates of $7.66 billion. On average, research analysts forecast that Daikin Industries,Ltd. will post 0.58 earnings per share for the current fiscal year.

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.