Makita Co. (OTCMKTS:MKTAY) Sees Significant Decrease in Short Interest

Makita Co. (OTCMKTS:MKTAY) was the recipient of a significant drop in short interest in November. As of November 30th, there was short interest totalling 2,700 shares, a drop of 25.0% from the November 15th total of 3,600 shares. Based on an average daily volume of 19,900 shares, the short-interest ratio is presently 0.1 days.

Makita Stock Down 1.1 %

OTCMKTS MKTAY traded down $0.36 during trading on Friday, hitting $31.20. 14,891 shares of the stock traded hands, compared to its average volume of 12,702. Makita has a 12-month low of $24.59 and a 12-month high of $35.49. The firm has a 50-day simple moving average of $31.53 and a 200-day simple moving average of $30.91. The company has a market capitalization of $8.39 billion, a P/E ratio of 22.44 and a beta of 0.74.

About Makita

Makita Corporation engages in the manufacture and sale of electric power tools, pneumatic tools, and gardening and household equipment in Japan, Europe, North America, Asia, Australia, Brazil, and the United Arab Emirates. It offers cordless, drilling/fastening, impact drilling/demolition, grinding/sanding, sawing, planning/routering, pneumatic, outdoor power, and dust extraction/other equipment, as well as accessories; and cutting equipment for new materials, masonry, and metals.