Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY) Short Interest Down 71.4% in May

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY) was the recipient of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 79 shares, a drop of 71.4% from the May 14th total of 276 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 459 shares, the short-interest ratio is currently 0.2 days.

Aisin Seiki Stock Performance

ASEKY stock opened at $14.20 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.17 and a current ratio of 1.74. The stock has a market cap of $10.31 billion, a P/E ratio of 9.28 and a beta of 0.51. The firm has a 50 day simple moving average of $14.59 and a 200 day simple moving average of $16.19. Aisin Seiki has a 52 week low of $12.11 and a 52 week high of $19.50.

Aisin Seiki (OTCMKTS:ASEKY) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.32 by $0.24. The business had revenue of $8.44 billion during the quarter, compared to analysts’ expectations of $8.01 billion. Aisin Seiki had a net margin of 3.34% and a return on equity of 7.29%. Research analysts anticipate that Aisin Seiki will post 1.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ASEKY shares. The Goldman Sachs Group upgraded shares of Aisin Seiki from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Zacks Research upgraded Aisin Seiki from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

About Aisin Seiki

Aisin Seiki Co, Ltd., commonly known as Aisin, is a Japanese automotive parts manufacturer founded in 1949 and headquartered in Anjo, Aichi Prefecture. Originally established to supply repair parts for Toyota Motor Corporation, Aisin has grown into one of the world’s largest Tier-1 suppliers, delivering a broad portfolio of components to leading original equipment manufacturers (OEMs) across the globe.

The company’s core business centers on the design and production of automotive systems and components.