Daikin Industries (OTCMKTS:DKILY) Short Interest Down 79.9% in August

Key Points

• Daikin Industries experienced a significant decrease in short interest, dropping by 79.9% from 306,400 shares to 61,700 shares in August.
• The company's stock is currently down 2.4% and trades at around $12.18, with a 12-month range between $9.90 and $14.51.
• Daikin reported earnings of $0.19 per share, exceeding estimates by $0.03, with quarterly revenue standing at $8.24 billion.

Daikin Industries (OTCMKTS:DKILY - Get Free Report) saw a significant drop in short interest during the month of August. As of August 15th, there was short interest totaling 61,700 shares, adropof79.9% from the July 31st total of 306,400 shares. Based on an average daily trading volume, of 315,300 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 315,300 shares, the short-interest ratio is presently 0.2 days.

Daikin Industries Stock Performance

Shares of Daikin Industries stock traded up $0.15 during trading on Friday, hitting $12.42. 138,119 shares of the company's stock traded hands, compared to its average volume of 132,283. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.86 and a quick ratio of 1.16. Daikin Industries has a 1 year low of $9.90 and a 1 year high of $14.51. The stock has a market capitalization of $36.40 billion, a P/E ratio of 19.41, a PEG ratio of 2.12 and a beta of 0.98. The business has a 50-day simple moving average of $12.72 and a 200-day simple moving average of $11.70.

Daikin Industries (OTCMKTS:DKILY - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.03. The business had revenue of $8.24 billion for the quarter, compared to analysts' expectations of $1,253.30 billion. Daikin Industries had a return on equity of 9.53% and a net margin of 6.02%. As a group, analysts forecast that Daikin Industries will post 0.56 EPS for the current year.

About Daikin Industries

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.