Murata Manufacturing Co., Ltd. (OTCMKTS:MRAAY) Sees Large Increase in Short Interest

Murata Manufacturing Co., Ltd. (OTCMKTS:MRAAY) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 93,900 shares, a growth 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 currently 0.1 days.

Murata Manufacturing Price Performance

Shares of OTCMKTS MRAAY traded down $0.25 during trading on Wednesday, reaching $7.62. 966,676 shares of the stock traded hands, compared to its average volume of 765,181. The stock has a market capitalization of $29.92 billion, a P/E ratio of 23.81 and a beta of 0.81. Murata Manufacturing has a 52-week low of $7.48 and a 52-week high of $12.00. The company has a 50-day moving average of $8.19 and a 200-day moving average of $9.37.

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