Short Interest in Murata Manufacturing Inc. (OTCMKTS:MRAAY) Decreases By 27.7%

Murata Manufacturing Inc. (OTCMKTS:MRAAY) was the recipient of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 148,522 shares, a drop of 27.7% from the February 26th total of 205,491 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 832,983 shares, the days-to-cover ratio is presently 0.2 days.

Murata Manufacturing Stock Performance

Shares of Murata Manufacturing stock traded down $0.10 during midday trading on Friday, reaching $11.27. 632,795 shares of the company’s stock traded hands, compared to its average volume of 392,516. The company has a market cap of $41.21 billion, a PE ratio of 32.20 and a beta of 0.90. The stock has a 50 day moving average of $11.30 and a 200-day moving average of $10.42. Murata Manufacturing has a 12 month low of $6.24 and a 12 month high of $14.10.

Murata Manufacturing (OTCMKTS:MRAAY) last announced its quarterly earnings results on Monday, February 2nd. The company reported $0.05 EPS for the quarter. The company had revenue of $3.03 billion during the quarter. Murata Manufacturing had a return on equity of 7.42% and a net margin of 10.74%.Murata Manufacturing has set its FY 2025 guidance at 0.392-0.392 EPS. 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. is a Japan-based manufacturer of electronic components and modules, best known for its development and production of ceramic components. Founded in 1944 by Akira Murata and headquartered in Nagaokakyo, Kyoto Prefecture, the company has grown into a leading global supplier of multilayer ceramic capacitors (MLCCs), ceramic resonators, and a broad range of passive and active electronic parts used across consumer, industrial and automotive electronics.

The company’s product portfolio encompasses passive components (such as capacitors, inductors and filters), sensors and sensing modules, power modules, and RF/wireless communication modules.