Daikin Industries (OTCMKTS:DKILY) Sees Large Drop in Short Interest

Key Points

• Daikin Industries experienced a significant decline in short interest, dropping by 95% from 42,200 shares in August to just 2,100 shares in September.
• The company reported $0.19 earnings per share for the last quarter, surpassing analysts' expectations of $0.16.
• As of the latest data, Daikin Industries has a market capitalization of $33.63 billion, with a current price of $11.48 per share.

Daikin Industries (OTCMKTS:DKILY - Get Free Report) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 2,100 shares, a decrease of 95.0% from the August 31st total of 42,200 shares. Based on an average daily volume of 1,168,000 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 1,168,000 shares, the short-interest ratio is currently 0.0 days.

Daikin Industries Stock Performance

Daikin Industries stock traded down $0.10 during mid-day trading on Tuesday, reaching $11.48. The company had a trading volume of 253,893 shares, compared to its average volume of 444,755. The company has a quick ratio of 1.16, a current ratio of 1.86 and a debt-to-equity ratio of 0.14. Daikin Industries has a 52 week low of $9.90 and a 52 week high of $14.41. The company has a 50 day moving average of $12.61 and a 200-day moving average of $11.81. The firm has a market cap of $33.63 billion, a price-to-earnings ratio of 17.93, a PEG ratio of 1.97 and a beta of 0.98.

Daikin Industries (OTCMKTS:DKILY - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.03. Daikin Industries had a net margin of 6.02% and a return on equity of 9.53%. The company had revenue of $8.24 billion during the quarter, compared to analysts' expectations of $1,253.30 billion. On average, sell-side analysts expect that Daikin Industries will post 0.56 EPS for the current fiscal year.

Daikin Industries Company Profile

Daikin Industries,Ltd. manufactures, distributes, and sells air-conditioning and refrigeration equipment, and chemical products in Japan, the Americas, China, Asia, Europe, Europe, and internationally. The company's air-conditioning and refrigeration equipment products include room air-conditioning systems; air purifiers; heat-pump hot-water supply and room-heating systems; packaged air-conditioning systems; multiple air-conditioning systems for office buildings; air-conditioning systems for facilities and plants; heat reclaim ventilators; freezers; water chillers; turbo refrigerator equipment; air-handling units; air filters; industrial dust collectors; marine-type container refrigeration; and refrigerating and freezing showcases.

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