Short Interest in Daikin Industries,Ltd. (OTCMKTS:DKILY) Drops By 96.2%

Daikin Industries,Ltd. (OTCMKTS:DKILY) was the recipient of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 9,800 shares, a drop of 96.2% from the February 13th total of 260,000 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 1,503,300 shares, the days-to-cover ratio is currently 0.0 days.

Daikin Industries,Ltd. Stock Performance

Shares of DKILY traded up $0.09 during trading hours on Wednesday, hitting $11.67. The company’s stock had a trading volume of 262,244 shares, compared to its average volume of 631,986. The business has a 50 day simple moving average of $11.33 and a two-hundred day simple moving average of $11.97. The company has a market cap of $34.21 billion, a price-to-earnings ratio of 20.47, a PEG ratio of 2.03 and a beta of 1.04. Daikin Industries,Ltd. has a 52-week low of $10.13 and a 52-week high of $16.32. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.90 and a quick ratio of 1.23.

Daikin Industries,Ltd. (OTCMKTS:DKILY) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.08 EPS for the quarter. Daikin Industries,Ltd. had a return on equity of 8.15% and a net margin of 5.37%. On average, equities analysts expect that Daikin Industries,Ltd. will post 0.56 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.