Rohm Co. (OTCMKTS:ROHCY) Short Interest Down 57.7% in June

Rohm Co. (OTCMKTS:ROHCY) was the target of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 6,471 shares, a decline of 57.7% from the May 31st total of 15,290 shares. Based on an average trading volume of 5,371 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.0% of the company’s shares are sold short.

Rohm Price Performance

Rohm stock remained flat at $33.06 during mid-day trading on Monday. The company had a trading volume of 245 shares, compared to its average volume of 2,253. The stock’s 50-day moving average is $28.21 and its 200 day moving average is $21.30. The firm has a market cap of $12.76 billion, a P/E ratio of -12.52 and a beta of 1.29. The company has a current ratio of 3.79, a quick ratio of 2.77 and a debt-to-equity ratio of 0.40. Rohm has a 1 year low of $12.50 and a 1 year high of $36.52.

Rohm (OTCMKTS:ROHCY) last released its earnings results on Tuesday, May 12th. The technology company reported $0.40 earnings per share for the quarter. Rohm had a positive return on equity of 3.55% and a negative net margin of 31.42%.The company had revenue of $711.55 million for the quarter, compared to analysts’ expectations of $704.12 million. As a group, analysts forecast that Rohm will post 0.64 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ROHCY. Zacks Research raised shares of Rohm to a “hold” rating in a research note on Wednesday, April 8th. The Goldman Sachs Group raised shares of Rohm to a “buy” rating in a research note on Monday, June 8th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

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.