Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY) Sees Significant Growth in Short Interest

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY) was the target of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 302 shares, an increase of 282.3% from the October 15th total of 79 shares. Based on an average daily volume of 356 shares, the short-interest ratio is presently 0.8 days. Currently, 0.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Aisin Seiki from a “strong sell” rating to a “hold” rating in a report on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Aisin Seiki Price Performance

Shares of OTCMKTS:ASEKY opened at $13.84 on Friday. The firm’s 50 day moving average price is $14.28 and its 200-day moving average price is $14.65. Aisin Seiki has a twelve month low of $12.85 and a twelve month high of $19.50. The company has a quick ratio of 1.27, a current ratio of 1.79 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $10.04 billion, a PE ratio of 10.40 and a beta of 0.59.

Aisin Seiki (OTCMKTS:ASEKY) last announced its earnings results on Thursday, October 29th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.09). Aisin Seiki had a net margin of 2.87% and a return on equity of 6.12%. The business had revenue of $8.45 billion for the quarter, compared to the consensus estimate of $8.39 billion. Equities research analysts expect that Aisin Seiki will post 1.23 EPS for the current year.

Aisin Seiki Company Profile

Aisin Seiki, now known as Aisin Corporation, is a Japan-based manufacturer of automotive components and systems. Its products include transmissions and other drivetrain components, brakes, chassis and body-related systems, and automotive electronics. The company also develops products for fields such as energy and lifestyle. Founded in 1965, Aisin Seiki became part of Aisin Corporation when it combined with Aisin AW in 2021. The company is headquartered in Kariya, Aichi Prefecture, Japan, and serves automakers and other customers through operations in Japan and international markets.