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

Daikin Industries (OTCMKTS:DKILY) was the recipient of a significant increase in short interest in August. As of August 14th, there was short interest totaling 250,745 shares, an increase of 141.9% from the July 30th total of 103,670 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 459,064 shares, the short-interest ratio is presently 0.5 days.

Daikin Industries Trading Down 0.6%

DKILY opened at $12.98 on Friday. The firm has a market capitalization of $38.06 billion, a P/E ratio of 21.29, a P/E/G ratio of 1.44 and a beta of 0.94. The firm’s 50 day moving average is $14.47 and its 200-day moving average is $13.83. The company has a quick ratio of 1.26, a current ratio of 1.93 and a debt-to-equity ratio of 0.18. Daikin Industries has a 52-week low of $11.00 and a 52-week high of $16.43.

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

Analyst Upgrades and Downgrades

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

Daikin Industries Company Profile

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.