Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY) Short Interest Update

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 79 shares, a decline of 71.4% from the May 14th total of 276 shares. Based on an average daily volume of 459 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ASEKY. 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 research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Aisin Seiki currently has an average rating of “Buy”.

Aisin Seiki Price Performance

OTCMKTS ASEKY opened at $13.60 on Thursday. 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 company’s 50 day simple moving average is $14.58 and its 200 day simple moving average is $16.22. Aisin Seiki has a 12 month low of $11.40 and a 12 month high of $19.50. The company has a market capitalization of $9.87 billion, a P/E ratio of 8.89 and a beta of 0.51.

Aisin Seiki (OTCMKTS:ASEKY) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.24. Aisin Seiki had a net margin of 3.34% and a return on equity of 7.29%. The business had revenue of $8.44 billion for the quarter, compared to analyst estimates of $8.01 billion. Equities research analysts expect that Aisin Seiki will post 1.4 earnings per share for the current fiscal year.

Aisin Seiki Company Profile

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.