Makita Co. (OTCMKTS:MKTAY) Short Interest Up 193.9% in February

Makita Co. (OTCMKTS:MKTAY) was the target of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 9,700 shares, an increase of 193.9% from the February 13th total of 3,300 shares. Based on an average daily volume of 20,300 shares, the short-interest ratio is presently 0.5 days. Approximately 0.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, UBS Group raised Makita from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 30th.

Makita Trading Up 0.2 %

Shares of MKTAY opened at $35.33 on Friday. Makita has a 1 year low of $26.35 and a 1 year high of $37.31. The stock has a 50 day simple moving average of $30.89 and a 200-day simple moving average of $31.59. The stock has a market cap of $9.50 billion, a PE ratio of 21.16 and a beta of 0.70.

Makita (OTCMKTS:MKTAY) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.58 earnings per share (EPS) for the quarter. Makita had a return on equity of 7.52% and a net margin of 9.09%. On average, sell-side analysts forecast that Makita will post 1.56 EPS for the current fiscal year.

Makita Company Profile

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.