Daikin Industries (OTCMKTS:DKILY) Sees Significant Growth in Short Interest

Daikin Industries (OTCMKTS:DKILY) saw a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 244,156 shares, an increase of 266.4% from the February 26th total of 66,637 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 839,168 shares, the short-interest ratio is currently 0.3 days.

Daikin Industries Stock Performance

Shares of OTCMKTS:DKILY opened at $12.59 on Friday. The firm has a market cap of $36.89 billion, a PE ratio of 20.30, a price-to-earnings-growth ratio of 2.58 and a beta of 0.88. The firm’s 50 day simple moving average is $12.33 and its 200-day simple moving average is $12.30. Daikin Industries has a one year low of $9.90 and a one year high of $14.03. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.23 and a current ratio of 1.95.

Daikin Industries (OTCMKTS:DKILY) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.03). Daikin Industries had a net margin of 5.69% and a return on equity of 9.00%. The firm had revenue of $7.63 billion for the quarter, compared to analysts’ expectations of $1,153.92 billion. As a group, equities analysts predict that Daikin Industries will post 0.56 EPS for the current year.

About Daikin Industries

Daikin Industries is a Japanese multinational manufacturer best known for its heating, ventilation and air conditioning (HVAC) systems and related products. Headquartered in Osaka, the company designs, manufactures and sells a broad range of climate-control equipment for residential, commercial and industrial applications. Its portfolio spans wall‑mounted and packaged air conditioners, rooftop units, chillers, heat pumps, compressors, air purifiers and controls, as well as associated spare parts and aftermarket services.

In addition to finished HVAC systems, Daikin produces refrigerants and fluorochemical products used across the cooling industry, and it develops compressors and heat-exchange technologies that underpin its product lines.