Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY) Shares Shorted: Short Interest Down 63.6% in October

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 79 shares, a drop of 63.6% from the September 30th total of 217 shares. Based on an average daily volume of 2,055 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Aisin Seiki from a “strong sell” rating to a “hold” rating in a research note on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy”.

Aisin Seiki Stock Performance

Shares of Aisin Seiki stock opened at $14.29 on Thursday. The company’s fifty day simple moving average is $14.46 and its 200-day simple moving average is $14.94. The company has a current ratio of 1.79, a quick ratio of 1.27 and a debt-to-equity ratio of 0.22. The company has a market cap of $10.38 billion, a price-to-earnings ratio of 9.86 and a beta of 0.52. Aisin Seiki has a 1 year low of $12.85 and a 1 year high of $19.50.

Aisin Seiki (OTCMKTS:ASEKY) last announced its quarterly earnings data on Thursday, October 29th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.16). Aisin Seiki had a return on equity of 6.73% and a net margin of 3.14%. As a group, sell-side analysts expect that Aisin Seiki will post 1.25 EPS for the current year.

Aisin Seiki Company Profile

Aisin Seiki Co, Ltd., now known as Aisin Corporation, is a Japanese manufacturer of automotive components and systems. The company develops and produces automatic and manual transmissions, hybrid and electric vehicle drive systems, engines and engine components, braking systems, chassis components, and body-related products. It also offers aftermarket parts and services for vehicles.

Established in 1965, Aisin became a major supplier to Toyota and other global vehicle manufacturers. Its products are used in passenger cars, commercial vehicles, and other mobility applications, while its business has expanded to include components designed for electrified vehicles and connected mobility.

Aisin serves automotive customers through manufacturing, engineering, and sales operations in Japan and international markets, including North America, Europe, and Asia.