DAIKIN INDUSTRI/ADR (OTCMKTS:DKILY) Short Interest Down 20.2% in August

DAIKIN INDUSTRI/ADR (OTCMKTS:DKILY) was the target of a large drop in short interest in August. As of August 31st, there was short interest totalling 13,400 shares, a drop of 20.2% from the August 15th total of 16,800 shares. Based on an average daily volume of 116,000 shares, the days-to-cover ratio is presently 0.1 days.

OTCMKTS:DKILY traded down $0.01 during mid-day trading on Wednesday, hitting $18.61. 43,572 shares of the company’s stock traded hands, compared to its average volume of 99,250. The firm’s 50 day simple moving average is $18.39 and its 200 day simple moving average is $15.21. DAIKIN INDUSTRI/ADR has a 1 year low of $9.96 and a 1 year high of $19.41.

DKILY has been the subject of several recent research reports. Goldman Sachs Group upgraded shares of DAIKIN INDUSTRI/ADR from a “buy” rating to a “conviction-buy” rating in a report on Tuesday, June 23rd. Zacks Investment Research downgraded shares of DAIKIN INDUSTRI/ADR from a “hold” rating to a “sell” rating in a report on Tuesday.

About DAIKIN INDUSTRI/ADR

Daikin Industries, Ltd. manufactures, distributes, and sells air-conditioning and refrigeration equipment, and chemical products. Its air-conditioning 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, absorption refrigerators, freezers, water chillers, turbo refrigerator equipment, air-handling units, air filters, industrial dust collectors, and marine-type container refrigeration systems.

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