Rohm Co. (OTCMKTS:ROHCY) Sees Significant Drop in Short Interest

Rohm Co. (OTCMKTS:ROHCY) saw a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 6,503 shares, a decline of 35.3% from the February 26th total of 10,049 shares. Based on an average daily volume of 11,977 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.0% of the shares of the stock are sold short.

Rohm Price Performance

Shares of OTCMKTS ROHCY opened at $19.99 on Friday. The firm has a 50-day simple moving average of $18.23 and a 200-day simple moving average of $15.79. The company has a quick ratio of 2.30, a current ratio of 3.34 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $8.07 billion, a price-to-earnings ratio of -31.72 and a beta of 1.14. Rohm has a 52 week low of $7.49 and a 52 week high of $22.19.

Rohm (OTCMKTS:ROHCY) last posted its quarterly earnings results on Wednesday, February 4th. The technology company reported ($0.04) EPS for the quarter. Rohm had a negative net margin of 7.27% and a negative return on equity of 1.07%. The company had revenue of $813.36 million during the quarter.

About Rohm

Rohm Co, Ltd., trading in the U.S. as OTCMKTS:ROHCY, is a Japanese semiconductor manufacturer headquartered in Kyoto, Japan. Established in 1958, the company specializes in the design, development and manufacture of a wide range of electronic components. Its product portfolio encompasses analog and mixed-signal integrated circuits, power management devices, discrete semiconductors, optoelectronics and a variety of passive components including chip resistors and capacitors.

Rohm’s semiconductor offerings serve applications across automotive, industrial, computing, communications and consumer electronics markets.