Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY) Sees Significant Decrease in Short Interest

Key Points

• Aisin Seiki Co. Ltd. experienced a significant decrease in short interest in July, dropping to 200 shares, from 600 shares at the end of June, representing a 66.7% decline.
• The company's shares are currently down 4.9%, trading at $12.36, with a market cap of $9.38 billion.
• Aisin Seiki's recent earnings report showed EPS of $0.49, surpassing estimates by $0.08 and generating revenue of $8.99 billion in the last quarter.

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY - Get Free Report) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totaling 200 shares, adecreaseof66.7% from the June 30th total of 600 shares. Based on an average daily trading volume, of 3,100 shares, the short-interest ratio is currently 0.1 days. Approximately0.0% of the company's shares are sold short. Approximately0.0% of the company's shares are sold short. Based on an average daily trading volume, of 3,100 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein upgraded Aisin Seiki to a "hold" rating in a report on Monday, April 14th.

Aisin Seiki Stock Performance

ASEKY stock remained flat at $13.44 during trading hours on Friday. The firm's fifty day moving average is $12.64 and its 200-day moving average is $11.71. The stock has a market cap of $10.20 billion, a price-to-earnings ratio of 25.36 and a beta of 0.43. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.59 and a quick ratio of 1.13. Aisin Seiki has a 12-month low of $8.54 and a 12-month high of $13.55.

Aisin Seiki (OTCMKTS:ASEKY - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.12. The firm had revenue of $8.19 billion for the quarter, compared to the consensus estimate of $1,240.13 billion. As a group, sell-side analysts anticipate that Aisin Seiki will post 0.89 EPS for the current year.

About Aisin Seiki

Aisin Corporation manufactures and sells automotive parts, and energy and lifestyle related products. It provides powertrain products comprising 1 motor hybrid transmission and eaxle products; chassis and vehicle safety systems, such as automated parking systems and electronically controlled brake systems; power sliding door systems and sunroof products; connected and sharing solutions; and repair and maintenance products.