Daikin Industries (OTCMKTS:DKILY) Short Interest Update

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 large decrease in short interest in August. As of August 31st, there was short interest totaling 42,200 shares, a decrease of 31.6% from the August 15th total of 61,700 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 264,800 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 264,800 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

Daikin Industries Stock Performance

Daikin Industries stock traded down $0.26 during midday trading on Friday, hitting $11.70. The stock had a trading volume of 201,996 shares, compared to its average volume of 377,889. The firm's fifty day moving average is $12.70 and its two-hundred day moving average is $11.80. The company has a market capitalization of $34.29 billion, a PE ratio of 18.28, a P/E/G ratio of 2.04 and a beta of 0.98. Daikin Industries has a 52-week low of $9.90 and a 52-week high of $14.51. The company has a current ratio of 1.86, a quick ratio of 1.16 and a debt-to-equity ratio of 0.14.

Daikin Industries (OTCMKTS:DKILY - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.03. Daikin Industries had a return on equity of 9.53% and a net margin of 6.02%.The business had revenue of $8.24 billion during the quarter, compared to the consensus estimate of $1,253.30 billion. On average, research analysts forecast 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.