Short Interest in Daikin Industries,Ltd. (OTCMKTS:DKILY) Declines By 99.6%

Daikin Industries,Ltd. (OTCMKTS:DKILY) was the target of a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 5,300 shares, a decrease of 99.6% from the November 15th total of 1,318,600 shares. Based on an average daily trading volume, of 1,065,700 shares, the days-to-cover ratio is presently 0.0 days.

Daikin Industries,Ltd. Stock Up 0.1 %

OTCMKTS DKILY traded up $0.01 on Wednesday, hitting $12.08. The stock had a trading volume of 515,081 shares, compared to its average volume of 521,701. The business’s fifty day moving average price is $12.37 and its 200 day moving average price is $13.08. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.68 and a quick ratio of 1.07. Daikin Industries,Ltd. has a 52-week low of $11.16 and a 52-week high of $17.14. The stock has a market cap of $35.41 billion, a price-to-earnings ratio of 20.83, a price-to-earnings-growth ratio of 2.03 and a beta of 1.00.

Daikin Industries,Ltd. (OTCMKTS:DKILY) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.20 earnings per share for the quarter. The firm had revenue of $8.35 billion for the quarter, compared to analyst estimates of $7.66 billion. Daikin Industries,Ltd. had a net margin of 5.56% and a return on equity of 8.68%. Equities research analysts anticipate that Daikin Industries,Ltd. will post 0.58 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group cut Daikin Industries,Ltd. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 15th.

Daikin Industries,Ltd. 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.