Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY) Stock Short Interest Falls 63.6%

Key Points

• Short interest plunged 63.6% to 79 shares as of October 15, down from 217 shares at the end of September. Shorted shares represented effectively 0.0% of the company, with a days-to-cover ratio of 0.0.
• Aisin Seiki shares opened at $14.29, with a $10.38 billion market capitalization, a price-to-earnings ratio of 9.86, and a 12-month trading range of $12.85 to $19.50.
• The company reported quarterly earnings of $0.16 per share, missing the $0.32 analyst consensus estimate. Analyst sentiment remained favorable overall, with the stock carrying an average “Buy” rating after Zacks upgraded it to “Hold.”

Aisin Seiki Co. Ltd. Unsponsored ADR (OTCMKTS:ASEKY - Get Free Report) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totaling 79 shares, a drop of 63.6% from the September 30th total of 217 shares. Based on an average daily trading volume, of 2,055 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Aisin Seiki Price Performance

OTCMKTS ASEKY opened at $14.29 on Thursday. The company has a quick ratio of 1.27, a current ratio of 1.79 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $10.38 billion, a PE ratio of 9.86 and a beta of 0.52. Aisin Seiki has a 12-month low of $12.85 and a 12-month high of $19.50. The company has a 50 day moving average price of $14.46 and a two-hundred day moving average price of $14.94.

Aisin Seiki (OTCMKTS:ASEKY - Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.32 by ($0.16). Aisin Seiki had a net margin of 3.14% and a return on equity of 6.73%. As a group, equities analysts predict that Aisin Seiki will post 1.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Aisin Seiki from a "strong sell" rating to a "hold" rating in a report on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy".

About Aisin Seiki

Aisin Seiki Co, Ltd., now known as Aisin Corporation, is a Japanese manufacturer of automotive components and systems. The company develops and produces automatic and manual transmissions, hybrid and electric vehicle drive systems, engines and engine components, braking systems, chassis components, and body-related products. It also offers aftermarket parts and services for vehicles.

Established in 1965, Aisin became a major supplier to Toyota and other global vehicle manufacturers. Its products are used in passenger cars, commercial vehicles, and other mobility applications, while its business has expanded to include components designed for electrified vehicles and connected mobility.

Aisin serves automotive customers through manufacturing, engineering, and sales operations in Japan and international markets, including North America, Europe, and Asia.

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