Daikin Industries (OTCMKTS:DKILY) Short Interest Up 266.4% in March

Key Points

• Short interest in Daikin Industries surged 266.4% in March to 244,156 shares as of March 13, with a low days-to-cover ratio of 0.3 days based on average daily volume of 839,168 shares, though the report also states 0.0% of the company's shares are currently short sold.
• Shares opened at $12.20 with a market cap of $35.76 billion and a P/E of 19.68; the company reported an EPS of $0.08 for the quarter (missing the $0.11 consensus) and analysts forecast about 0.56 EPS for the current year.

Daikin Industries (OTCMKTS:DKILY - Get Free Report) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 244,156 shares, an increase of 266.4% from the February 26th total of 66,637 shares. Currently, 0.0% of the company's shares are short sold. Based on an average daily trading volume, of 839,168 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 839,168 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the company's shares are short sold.

Daikin Industries Stock Performance

Shares of DKILY opened at $12.20 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.23 and a current ratio of 1.95. The company has a market capitalization of $35.76 billion, a price-to-earnings ratio of 19.68, a PEG ratio of 2.50 and a beta of 0.88. The company's 50 day simple moving average is $12.33 and its 200 day simple moving average is $12.29. Daikin Industries has a 1 year low of $9.90 and a 1 year high of $14.03.

Daikin Industries (OTCMKTS:DKILY - Get Free Report) last released its earnings results on Wednesday, February 4th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.03). The firm had revenue of $7.63 billion during the quarter, compared to analysts' expectations of $1,153.92 billion. Daikin Industries had a return on equity of 9.00% and a net margin of 5.69%. On average, sell-side analysts predict that Daikin Industries will post 0.56 EPS for the current year.

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.

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