Short Interest in Daikin Industries,Ltd. (OTCMKTS:DKILY) Drops By 36.6%

Daikin Industries,Ltd. (OTCMKTS:DKILY) was the target of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 16,100 shares, a decline of 36.6% from the February 29th total of 25,400 shares. Based on an average trading volume of 829,500 shares, the short-interest ratio is presently 0.0 days.

Daikin Industries,Ltd. Stock Performance

OTCMKTS DKILY traded down $0.03 on Friday, hitting $13.62. 483,512 shares of the company’s stock traded hands, compared to its average volume of 416,223. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.98 and a current ratio of 1.65. Daikin Industries,Ltd. has a 1-year low of $13.20 and a 1-year high of $21.66. The firm’s 50-day moving average price is $14.57 and its two-hundred day moving average price is $15.22.

Daikin Industries,Ltd. (OTCMKTS:DKILY) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.06). Daikin Industries,Ltd. had a net margin of 5.71% and a return on equity of 9.76%. The business had revenue of $7.03 billion for the quarter. On average, equities research analysts expect that Daikin Industries,Ltd. will post 0.56 earnings per share for the current year.

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.