Murata Manufacturing Co., Ltd. (OTCMKTS:MRAAY) Sees Significant Growth in Short Interest

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

Murata Manufacturing Trading Up 1.8 %

Shares of MRAAY opened at $8.11 on Wednesday. Murata Manufacturing has a 12-month low of $7.33 and a 12-month high of $12.00. The company has a market cap of $31.84 billion, a PE ratio of 25.34 and a beta of 0.81. The stock has a 50-day moving average price of $8.04 and a 200-day moving average price of $9.17.

Murata Manufacturing (OTCMKTS:MRAAY) last announced 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 company 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%. As a group, analysts predict that Murata Manufacturing will post 0.54 earnings per share for the current 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.