Murata Manufacturing Inc. (OTCMKTS:MRAAY) Short Interest Down 71.9% in April

Murata Manufacturing Inc. (OTCMKTS:MRAAY) saw a large decrease in short interest in April. As of April 30th, there was short interest totaling 351,742 shares, a decrease of 71.9% from the April 15th total of 1,253,745 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 700,440 shares, the days-to-cover ratio is presently 0.5 days.

Murata Manufacturing Stock Performance

MRAAY traded up $0.16 on Wednesday, reaching $19.36. The company had a trading volume of 408,373 shares, compared to its average volume of 405,838. The business has a 50 day simple moving average of $13.39 and a 200 day simple moving average of $11.56. The company has a market cap of $70.79 billion, a price-to-earnings ratio of 46.09 and a beta of 1.32. Murata Manufacturing has a 52-week low of $6.80 and a 52-week high of $19.43.

Murata Manufacturing (OTCMKTS:MRAAY) last announced its earnings results on Thursday, April 30th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The business had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $2.91 billion. Murata Manufacturing had a net margin of 12.80% and a return on equity of 8.97%. As a group, equities research analysts predict that Murata Manufacturing will post 0.51 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Zacks Research upgraded Murata Manufacturing to a “hold” rating in a research note on Monday, April 27th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

Murata Manufacturing Company Profile

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.