Daikin Industries (OTCMKTS:DKILY) Short Interest Up 172.6% in June

Daikin Industries (OTCMKTS:DKILY) saw a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 152,307 shares, a growth of 172.6% from the June 15th total of 55,876 shares. Based on an average daily volume of 547,378 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the company’s stock are short sold.

Daikin Industries Price Performance

OTCMKTS:DKILY opened at $15.45 on Tuesday. The stock has a market capitalization of $45.29 billion, a PE ratio of 24.92, a P/E/G ratio of 1.72 and a beta of 0.95. Daikin Industries has a 1-year low of $11.00 and a 1-year high of $16.43. The firm has a fifty day simple moving average of $15.06 and a 200 day simple moving average of $13.45. The company has a current ratio of 1.93, a quick ratio of 1.26 and a debt-to-equity ratio of 0.18.

Daikin Industries (OTCMKTS:DKILY) last posted its quarterly earnings results on Tuesday, May 12th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.04. The firm had revenue of $8.56 billion for the quarter, compared to analyst estimates of $7.82 billion. Daikin Industries had a net margin of 5.51% and a return on equity of 8.95%. On average, research analysts expect that Daikin Industries will post 0.65 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Jefferies Financial Group lowered shares of Daikin Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 1st. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Daikin Industries presently has an average rating of “Hold”.

About Daikin Industries

Daikin Industries is a Japanese multinational manufacturer best known for its heating, ventilation and air conditioning (HVAC) systems and related products. Headquartered in Osaka, the company designs, manufactures and sells a broad range of climate-control equipment for residential, commercial and industrial applications. Its portfolio spans wall‑mounted and packaged air conditioners, rooftop units, chillers, heat pumps, compressors, air purifiers and controls, as well as associated spare parts and aftermarket services.

In addition to finished HVAC systems, Daikin produces refrigerants and fluorochemical products used across the cooling industry, and it develops compressors and heat-exchange technologies that underpin its product lines.