Short Interest in Daikin Industries,Ltd. (OTCMKTS:DKILY) Declines By 83.8%

Daikin Industries,Ltd. (OTCMKTS:DKILY) was the recipient of a significant decline in short interest during the month of July. As of July 31st, there was short interest totalling 28,300 shares, a decline of 83.8% from the July 15th total of 174,500 shares. Based on an average daily volume of 639,200 shares, the days-to-cover ratio is currently 0.0 days.

Daikin Industries,Ltd. Stock Performance

Shares of OTCMKTS:DKILY traded up $0.42 during midday trading on Tuesday, reaching $11.99. 398,278 shares of the company’s stock traded hands, compared to its average volume of 484,646. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.98 and a current ratio of 1.65. Daikin Industries,Ltd. has a one year low of $11.16 and a one year high of $17.95. The company has a market cap of $35.14 billion, a price-to-earnings ratio of 18.97, a P/E/G ratio of 3.23 and a beta of 1.00. The stock has a 50 day moving average of $14.02 and a 200 day moving average of $14.16.

Daikin Industries,Ltd. (OTCMKTS:DKILY) last posted its earnings results on Tuesday, August 6th. The company reported $0.14 earnings per share (EPS) for the quarter. Daikin Industries,Ltd. had a net margin of 5.95% and a return on equity of 9.09%. The business had revenue of $8.02 billion for the quarter, compared to analysts’ expectations of $7.82 billion. As a group, equities research analysts anticipate that Daikin Industries,Ltd. will post 0.61 EPS for the current fiscal year.

Daikin Industries,Ltd. Company Profile

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.