Short Interest in Daikin Industries (OTCMKTS:DKILY) Decreases By 31.6%

Key Points

• The short interest in Daikin Industries dropped by 31.6% in August, from 61,700 shares to 42,200 shares.
• The company reported earnings of $0.19 per share, exceeding estimates, with a revenue of $8.24 billion for the quarter.
• Daikin Industries has a market cap of $35 billion and a P/E ratio of 18.66, indicating steady stock performance despite recent fluctuations.

Daikin Industries (OTCMKTS:DKILY - Get Free Report) saw a significant drop in short interest in August. As of August 31st, there was short interest totaling 42,200 shares, a drop of 31.6% from the August 15th total of 61,700 shares. Approximately 0.0% of the company's stock are short sold. Based on an average trading volume of 264,800 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 264,800 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company's stock are short sold.

Daikin Industries Price Performance

Shares of Daikin Industries stock remained flat at $11.94 during trading hours on Tuesday. The stock had a trading volume of 25,486 shares, compared to its average volume of 448,560. The stock has a fifty day moving average of $12.75 and a 200 day moving average of $11.78. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.16 and a current ratio of 1.86. The stock has a market cap of $35.00 billion, a P/E ratio of 18.66, a PEG ratio of 2.03 and a beta of 0.98. Daikin Industries has a 12 month low of $9.90 and a 12 month high of $14.51.

Daikin Industries (OTCMKTS:DKILY - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.03. The company had revenue of $8.24 billion during the quarter, compared to the consensus estimate 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, equities research analysts predict that Daikin Industries will post 0.56 EPS for the current 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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