Monotaro (OTCMKTS:MONOY) Sees Large Growth in Short Interest
by Renee Jackson · The Cerbat GemMonotaro (OTCMKTS:MONOY – Get Free Report) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 250,055 shares, a growth of 1,440.6% from the November 30th total of 16,231 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 509,672 shares, the short-interest ratio is currently 0.5 days. Based on an average trading volume of 509,672 shares, the short-interest ratio is currently 0.5 days. Currently, 0.0% of the company’s shares are sold short.
Analyst Ratings Changes
Separately, The Goldman Sachs Group upgraded shares of Monotaro from a “strong sell” rating to a “hold” rating in a report on Sunday, December 14th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.
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Monotaro Stock Up 0.3%
MONOY traded up $0.05 during trading on Wednesday, reaching $15.74. The company had a trading volume of 159,737 shares, compared to its average volume of 285,295. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.88 and a quick ratio of 2.24. Monotaro has a 12 month low of $12.16 and a 12 month high of $21.63. The business’s fifty day moving average price is $14.20 and its 200 day moving average price is $16.40. The company has a market cap of $7.89 billion, a P/E ratio of 31.38 and a beta of 0.98.
Monotaro (OTCMKTS:MONOY – Get Free Report) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.11 earnings per share (EPS) for the quarter. Monotaro had a net margin of 9.57% and a return on equity of 33.81%. The company had revenue of $550.48 million during the quarter. Equities analysts anticipate that Monotaro will post 0.4 EPS for the current year.
About Monotaro
Monotaro Co, Ltd., trading on the OTC Market under the symbol MONOY, is a Japan-based e-commerce platform specializing in maintenance, repair and operations (MRO) supplies. Founded in 2000 as a subsidiary of IT Holdings Co, the company offers a broad assortment of industrial products including tools, safety gear, fasteners, electrical components and work-site consumables tailored to small and medium-sized enterprises, contractors and facility managers.
Through its online marketplaces in Japan and a regional subsidiary in Singapore, Monotaro provides access to several million stock-keeping units (SKUs), supported by streamlined procurement processes, competitive pricing and logistics capabilities designed to deliver same- or next-day shipment.