Daikin Industries,Ltd. (OTCMKTS:DKILY) Short Interest Up 842.5% in November

Daikin Industries,Ltd. (OTCMKTS:DKILY) was the target of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 1,318,600 shares, a growth of 842.5% from the October 31st total of 139,900 shares. Based on an average daily volume of 1,147,300 shares, the short-interest ratio is currently 1.1 days.

Analyst Upgrades and Downgrades

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

Daikin Industries,Ltd. Stock Down 1.3 %

Shares of Daikin Industries,Ltd. stock opened at $11.83 on Thursday. The stock has a market capitalization of $34.68 billion, a price-to-earnings ratio of 20.40, a P/E/G ratio of 1.93 and a beta of 1.01. The company’s 50 day moving average price is $12.57 and its 200-day moving average price is $13.32. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.07 and a current ratio of 1.68. Daikin Industries,Ltd. has a 52-week low of $11.16 and a 52-week high of $17.14.

Daikin Industries,Ltd. (OTCMKTS:DKILY) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.20 earnings per share (EPS) for the quarter. The company had revenue of $8.35 billion for the quarter, compared to the consensus estimate of $7.66 billion. Daikin Industries,Ltd. had a return on equity of 8.68% and a net margin of 5.56%. Equities research analysts forecast that Daikin Industries,Ltd. will post 0.61 EPS 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.