Short Interest in Murata Manufacturing Co., Ltd. (OTCMKTS:MRAAY) Decreases By 99.7%

Murata Manufacturing Co., Ltd. (OTCMKTS:MRAAY) saw a significant decline in short interest in December. As of December 15th, there was short interest totalling 500 shares, a decline of 99.7% from the November 30th total of 145,300 shares. Based on an average daily volume of 1,064,800 shares, the days-to-cover ratio is currently 0.0 days.

Murata Manufacturing Trading Up 2.4 %

MRAAY stock opened at $8.05 on Friday. The company’s 50 day moving average is $8.43 and its 200 day moving average is $9.57. The stock has a market cap of $31.60 billion, a price-to-earnings ratio of 25.16 and a beta of 0.81. Murata Manufacturing has a 1-year low of $7.55 and a 1-year high of $12.00.

Murata Manufacturing (OTCMKTS:MRAAY) last issued its quarterly earnings results on Friday, November 1st. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03). Murata Manufacturing had a return on equity of 7.23% and a net margin of 10.80%. The company had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $2.94 billion. As a group, sell-side analysts forecast that Murata Manufacturing will post 0.54 EPS for the current fiscal year.

About Murata Manufacturing

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.