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

Murata Manufacturing Co., Ltd. (OTCMKTS:MRAAY) was the recipient of a significant growth in short interest in November. As of November 15th, there was short interest totalling 77,700 shares, a growth of 1,626.7% from the October 31st total of 4,500 shares. Based on an average daily trading volume, of 880,000 shares, the short-interest ratio is presently 0.1 days.

Murata Manufacturing Trading Down 1.3 %

Shares of Murata Manufacturing stock traded down $0.11 on Wednesday, reaching $8.17. 600,973 shares of the company were exchanged, compared to its average volume of 513,611. Murata Manufacturing has a fifty-two week low of $8.00 and a fifty-two week high of $12.00. The stock has a fifty day moving average price of $9.12 and a 200-day moving average price of $9.78. The firm has a market capitalization of $30.87 billion, a price-to-earnings ratio of 25.53 and a beta of 0.84.

Murata Manufacturing (OTCMKTS:MRAAY) last issued its quarterly earnings results on Friday, November 1st. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03). The company had revenue of $3.10 billion during the quarter, compared to analyst estimates of $2.94 billion. Murata Manufacturing had a net margin of 10.80% and a return on equity of 7.23%. On average, equities analysts anticipate that Murata Manufacturing will post 0.41 earnings per share for the current fiscal 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.