Makita Corp. (OTCMKTS:MKTAY) Short Interest Update

Makita Corp. (OTCMKTS:MKTAY) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 6,700 shares, a decrease of 85.2% from the June 30th total of 45,372 shares. Based on an average daily trading volume, of 49,842 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Makita Trading Up 0.7%

Shares of Makita stock opened at $34.38 on Friday. The company has a 50-day moving average of $35.25 and a two-hundred day moving average of $35.00. Makita has a 12-month low of $26.76 and a 12-month high of $41.20. The stock has a market cap of $9.09 billion, a PE ratio of 17.28 and a beta of 0.61.

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

Makita Company Profile

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.