Short Interest in Murata Manufacturing Co., Ltd. (OTCMKTS:MRAAY) Rises By 369.7%

Murata Manufacturing Co., Ltd. (OTCMKTS:MRAAY) was the recipient of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 266,300 shares, an increase of 369.7% from the January 31st total of 56,700 shares. Based on an average daily volume of 1,366,200 shares, the days-to-cover ratio is presently 0.2 days.

Murata Manufacturing Price Performance

Shares of OTCMKTS:MRAAY traded down $0.10 during trading on Friday, hitting $8.53. 397,580 shares of the company were exchanged, compared to its average volume of 649,682. The firm’s 50 day moving average price is $8.21 and its 200-day moving average price is $8.83. Murata Manufacturing has a 12-month low of $7.33 and a 12-month high of $12.00. The stock has a market capitalization of $33.49 billion, a P/E ratio of 23.70 and a beta of 0.80.

Murata Manufacturing (OTCMKTS:MRAAY) last announced its quarterly earnings results on Friday, February 7th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.03). Murata Manufacturing had a net margin of 12.00% and a return on equity of 8.01%. As a group, equities research analysts anticipate that Murata Manufacturing will post 0.41 EPS for the current 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.