Short Interest in Murata Manufacturing Co., Ltd. (OTCMKTS:MRAAY) Grows By 18,680.0%

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

Murata Manufacturing Trading Up 1.8 %

Shares of Murata Manufacturing stock opened at $8.11 on Wednesday. The firm’s 50 day moving average is $8.04 and its 200 day moving average is $9.17. The firm has a market capitalization of $31.84 billion, a PE ratio of 25.34 and a beta of 0.81. Murata Manufacturing has a 1 year low of $7.33 and a 1 year high of $12.00.

Murata Manufacturing (OTCMKTS:MRAAYGet Free Report) last announced 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). The firm had revenue of $3.10 billion during 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, research analysts anticipate that Murata Manufacturing will post 0.54 earnings per share for the current year.

About Murata Manufacturing

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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.

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