Short Interest in Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY) Drops By 92.9%

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY) was the recipient of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 276 shares, a decrease of 92.9% from the April 30th total of 3,902 shares. Based on an average daily volume of 433 shares, the short-interest ratio is presently 0.6 days. Currently, 0.0% of the company’s stock are sold short.

Aisin Seiki Stock Performance

OTCMKTS:ASEKY opened at $13.60 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.74 and a quick ratio of 1.17. The firm has a 50-day moving average of $14.72 and a 200-day moving average of $16.49. The company has a market cap of $10.32 billion, a PE ratio of 8.89 and a beta of 0.57. Aisin Seiki has a one year low of $11.40 and a one year high of $19.50.

Aisin Seiki (OTCMKTS:ASEKY) last posted its earnings results on Tuesday, April 28th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.32 by $0.24. The company had revenue of $8.44 billion during the quarter, compared to the consensus estimate of $8.01 billion. Aisin Seiki had a net margin of 3.34% and a return on equity of 7.29%. As a group, equities research analysts expect that Aisin Seiki will post 1.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ASEKY shares. The Goldman Sachs Group upgraded shares of Aisin Seiki from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Zacks Research upgraded shares of Aisin Seiki from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy”.

About Aisin Seiki

Aisin Seiki Co, Ltd., commonly known as Aisin, is a Japanese automotive parts manufacturer founded in 1949 and headquartered in Anjo, Aichi Prefecture. Originally established to supply repair parts for Toyota Motor Corporation, Aisin has grown into one of the world’s largest Tier-1 suppliers, delivering a broad portfolio of components to leading original equipment manufacturers (OEMs) across the globe.

The company’s core business centers on the design and production of automotive systems and components.