Daikin Industries (OTCMKTS:DKILY) Sees Significant Decrease in Short Interest

Daikin Industries (OTCMKTS:DKILY) saw a significant decline in short interest in May. As of May 29th, there was short interest totaling 73,918 shares, a decline of 33.5% from the May 14th total of 111,216 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 459,490 shares, the short-interest ratio is presently 0.2 days.

Daikin Industries Stock Performance

DKILY stock opened at $14.70 on Wednesday. The company has a quick ratio of 1.23, a current ratio of 1.95 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $43.09 billion, a price-to-earnings ratio of 23.71, a P/E/G ratio of 1.60 and a beta of 0.95. Daikin Industries has a 12 month low of $10.80 and a 12 month high of $16.43. The firm has a 50 day moving average of $14.32 and a two-hundred day moving average of $13.11.

Daikin Industries (OTCMKTS:DKILY) last posted its quarterly earnings data 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 business had revenue of $8.56 billion during the quarter, compared to the consensus estimate of $7.82 billion. Daikin Industries had a net margin of 5.51% and a return on equity of 9.10%. As a group, equities analysts anticipate that Daikin Industries will post 0.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Daikin Industries Company Profile

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.