Daikin Industries,Ltd. (OTCMKTS:DKILY) Short Interest Update

Daikin Industries,Ltd. (OTCMKTS:DKILY) saw a significant decline in short interest in October. As of October 15th, there was short interest totalling 65,000 shares, a decline of 32.6% from the September 30th total of 96,500 shares. Based on an average daily trading volume, of 939,000 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

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

Daikin Industries,Ltd. Trading Up 1.2 %

OTCMKTS DKILY traded up $0.14 during trading hours on Tuesday, hitting $11.94. 610,939 shares of the company were exchanged, compared to its average volume of 508,549. The stock has a 50-day moving average price of $12.65 and a 200 day moving average price of $13.55. The company has a quick ratio of 1.07, a current ratio of 1.68 and a debt-to-equity ratio of 0.11. 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 $35.00 billion, a PE ratio of 19.57, a price-to-earnings-growth ratio of 2.06 and a beta of 1.00.

Daikin Industries,Ltd. (OTCMKTS:DKILY) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.14 earnings per share for the quarter. The company had revenue of $8.02 billion for the quarter, compared to analysts’ expectations of $7.82 billion. Daikin Industries,Ltd. had a return on equity of 8.12% and a net margin of 5.35%. Analysts forecast that Daikin Industries,Ltd. will post 0.62 earnings per share for the current fiscal year.

About Daikin Industries,Ltd.

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.