Murata Manufacturing Inc. (OTCMKTS:MRAAY) Shares Shorted: Short Interest Down 39.3% in October

by · The Markets Daily

Murata Manufacturing Inc. (OTCMKTS:MRAAY – Get Free Report) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 423,646 shares, a drop of 39.3% from the September 30th total of 697,955 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 1,099,487 shares, the days-to-cover ratio is currently 0.4 days.

Murata Manufacturing Price Performance

OTCMKTS MRAAY opened at $19.73 on Friday. The stock’s fifty day moving average price is $23.51 and its 200 day moving average price is $20.32. Murata Manufacturing has a 1 year low of $9.33 and a 1 year high of $38.72. The company has a market cap of $72.14 billion, a price-to-earnings ratio of 39.46 and a beta of 1.66.

Murata Manufacturing (OTCMKTS:MRAAY – Get Free Report) last issued its earnings results on Friday, October 30th. The company reported $0.18 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.18. The company had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.53 billion. Murata Manufacturing had a return on equity of 9.84% and a net margin of 13.86%. Research analysts expect that Murata Manufacturing will post 0.69 earnings per share for the current year.

Analyst Ratings Changes

Separately, Sanford C. Bernstein assumed coverage on shares of Murata Manufacturing in a research report on Tuesday, September 15th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Murata Manufacturing currently has an average rating of “Buy”.

Check Out Our Latest Stock Analysis on MRAAY

Murata Manufacturing Company Profile

(Get Free Report)

Murata Manufacturing Co, Ltd. is a Japanese electronic components manufacturer that develops and produces components, modules and devices used in a broad range of electronic equipment. Its product portfolio includes multilayer ceramic capacitors, inductors, filters, timing devices, sensors, wireless connectivity modules and power-related components.

The company’s products support applications in smartphones, computers, automobiles, industrial equipment, healthcare devices and other consumer and communications electronics.

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