Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY) Short Interest Update

Key Points

• Short interest nearly doubled in August, rising 94.4% to 490 shares as of August 31, though that represents approximately 0.0% of shares outstanding and only 0.8 days of average trading volume.
• Aisin Seiki reported quarterly EPS of $0.28, slightly beating estimates, while revenue of $8.26 billion exceeded the $7.89 billion analyst forecast.
• Shares opened at $15.10, within a 12-month range of $12.85 to $19.50. Analyst sentiment is mixed: Zacks downgraded the stock to “strong sell,” while MarketBeat’s overall consensus remains “Moderate Buy.”

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY - Get Free Report) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 490 shares, an increase of 94.4% from the August 15th total of 252 shares. Based on an average daily volume of 600 shares, the short-interest ratio is presently 0.8 days. Approximately 0.0% of the shares of the company are short sold.

Aisin Seiki Stock Performance

ASEKY opened at $15.10 on Tuesday. The firm has a market capitalization of $10.96 billion, a P/E ratio of 10.41 and a beta of 0.52. The stock's 50 day moving average price is $14.46 and its two-hundred day moving average price is $14.51. The company has a quick ratio of 1.27, a current ratio of 1.79 and a debt-to-equity ratio of 0.22. Aisin Seiki has a 12-month low of $12.85 and a 12-month high of $19.50.

Aisin Seiki (OTCMKTS:ASEKY - Get Free Report) last issued its quarterly earnings results on Friday, July 31st. The company reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.01. The company had revenue of $8.26 billion during the quarter, compared to analyst estimates of $7.89 billion. Aisin Seiki had a return on equity of 6.73% and a net margin of 3.14%. On average, equities analysts forecast that Aisin Seiki will post 1.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered shares of Aisin Seiki from a "hold" rating to a "strong sell" rating in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy".

Aisin Seiki Company Profile

Aisin Seiki Co, Ltd., now operating under the name Aisin Corporation, is a Japan-based automotive components manufacturer and a member of the Toyota Group. The company develops and produces systems and components used by automakers and other transportation-related customers.

Aisin's products include automatic and manual transmissions, hybrid and electric-drive components, engine-related systems, brakes, chassis and suspension components, doors, sunroofs, and other body systems. The company also develops automotive electronics and products related to vehicle connectivity, as well as selected energy and lifestyle-related systems.

Founded in 1965, Aisin has expanded from its Japanese manufacturing base into an international supplier with research, production, and sales operations serving customers in Asia, North America, Europe, and other global markets.

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