Short Interest in Daikin Industries (OTCMKTS:DKILY) Increases By 171.4%

Key Points

• Short interest in Daikin Industries increased by 171.4%, rising from 2,100 shares to 5,700 shares as of September 30th.
• Daikin's stock price reached $11.91 with a market cap of $34.91 billion and a P/E ratio of 18.61.
• The company reported earnings of $0.19 per share for the last quarter, exceeding the consensus estimate of $0.16.

Daikin Industries (OTCMKTS:DKILY - Get Free Report) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 5,700 shares, a growth of 171.4% from the September 15th total of 2,100 shares. Based on an average daily volume of 709,100 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 709,100 shares, the days-to-cover ratio is currently 0.0 days.

Daikin Industries Stock Performance

Daikin Industries stock traded up $0.23 during mid-day trading on Friday, hitting $11.91. 164,474 shares of the company's stock traded hands, compared to its average volume of 319,757. The firm has a 50 day simple moving average of $12.27 and a two-hundred day simple moving average of $11.84. Daikin Industries has a fifty-two week low of $9.90 and a fifty-two week high of $14.03. The stock has a market cap of $34.91 billion, a price-to-earnings ratio of 18.61, a P/E/G ratio of 2.08 and a beta of 0.97. 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 (OTCMKTS:DKILY - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.19 earnings per share (EPS) for the quarter, beating 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 expect that Daikin Industries will post 0.56 EPS for the current fiscal 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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