Makita Corp. (OTCMKTS:MKTAY) Short Interest Up 131.3% in June

Makita Corp. (OTCMKTS:MKTAY) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 45,372 shares, an increase of 131.3% from the June 15th total of 19,615 shares. Based on an average trading volume of 34,883 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.0% of the company’s stock are sold short.

Makita Price Performance

MKTAY traded up $0.27 on Wednesday, reaching $34.98. The company’s stock had a trading volume of 1,039 shares, compared to its average volume of 17,740. Makita has a 1 year low of $26.76 and a 1 year high of $41.20. The business’s 50 day moving average is $35.59 and its 200 day moving average is $34.80. The stock has a market cap of $9.25 billion, a price-to-earnings ratio of 17.58 and a beta of 0.61.

Makita (OTCMKTS:MKTAY) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.09. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.26 billion. Makita had a return on equity of 8.14% and a net margin of 10.21%.

About Makita

Makita Corporation (OTCMKTS:MKTAY) is a global manufacturer of professional and consumer power tools headquartered in Anjō, Aichi Prefecture, Japan. Founded in 1915 as an electric motor sales and repair company, it incorporated as Makita Electric Works, Ltd. in 1958 and has since expanded its product portfolio to serve both industrial and residential markets. The company’s core business activities encompass the design, production and distribution of power tools, outdoor power equipment and accessories.

Makita’s product lineup includes cordless and corded electric drills, drivers, saws, grinders, sanders and rotary hammers, as well as pneumatic and gasoline-powered machinery.