Murata Manufacturing Co., Ltd. (OTCMKTS:MRAAY) Short Interest Update

Murata Manufacturing Co., Ltd. (OTCMKTS:MRAAY) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 93,900 shares, an increase of 18,680.0% from the December 15th total of 500 shares. Based on an average daily trading volume, of 1,469,000 shares, the days-to-cover ratio is presently 0.1 days.

Murata Manufacturing Price Performance

OTCMKTS MRAAY traded down $0.32 during trading on Monday, reaching $7.85. 414,022 shares of the company’s stock were exchanged, compared to its average volume of 740,904. Murata Manufacturing has a fifty-two week low of $7.48 and a fifty-two week high of $12.00. The stock has a market capitalization of $30.82 billion, a P/E ratio of 24.53 and a beta of 0.81. The business has a 50 day moving average price of $8.23 and a 200-day moving average price of $9.40.

Murata Manufacturing (OTCMKTS:MRAAY) last issued its earnings results on Friday, November 1st. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.03). The business had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $2.94 billion. Murata Manufacturing had a net margin of 10.80% and a return on equity of 7.23%. On average, analysts forecast that Murata Manufacturing will post 0.54 earnings per share for the current year.

Murata Manufacturing Company Profile

Murata Manufacturing Co, Ltd. designs, manufactures, and sells ceramic-based passive electronic components and solutions in Japan and internationally. The company offers capacitors, inductors, noise suppression products/EMI suppression filters/ESD protection devices, resistors, thermistors, sensors, timing devices, quartz devices, sound components, power products, batteries, micro mechatronics, RFID product, baluns, couplers, filters, phase shifters, RF switches, front-end modules, SAW components, connectors, antennas, connectivity modules, wireless connectivity platforms, ionizers/active oxygen modules, and transformers.