Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY) Short Interest Up 370.0% in June

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 282 shares, a growth of 370.0% from the June 15th total of 60 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 1,732 shares, the days-to-cover ratio is presently 0.2 days.

Aisin Seiki Stock Performance

Shares of ASEKY opened at $14.30 on Friday. Aisin Seiki has a 52-week low of $12.36 and a 52-week high of $19.50. The stock has a market cap of $10.38 billion, a PE ratio of 9.34 and a beta of 0.51. The firm’s fifty day moving average is $14.21 and its two-hundred day moving average is $15.63. The company has a quick ratio of 1.28, a current ratio of 1.79 and a debt-to-equity ratio of 0.21.

Aisin Seiki (OTCMKTS:ASEKY) last issued its earnings results on Tuesday, April 28th. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.24. The business had revenue of $8.44 billion during the quarter, compared to analysts’ expectations of $8.01 billion. Aisin Seiki had a net margin of 3.34% and a return on equity of 7.19%. Research analysts forecast that Aisin Seiki will post 1.4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have 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 research report on Wednesday, April 29th. Zacks Research raised shares of Aisin Seiki from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently 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.