Makita Co. (OTCMKTS:MKTAY) Short Interest Update

Makita Co. (OTCMKTS:MKTAY - Get Free Report) saw a large increase in short interest in February. As of February 28th, there was short interest totalling 9,700 shares, an increase of 193.9% from the February 13th total of 3,300 shares. Based on an average trading volume of 20,300 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.0% of the shares of the stock are short sold.

Makita Price Performance

MKTAY stock traded up $1.05 during trading on Monday, hitting $36.38. The stock had a trading volume of 10,417 shares, compared to its average volume of 14,438. Makita has a twelve month low of $26.35 and a twelve month high of $37.31. The company's 50-day moving average price is $31.10 and its two-hundred day moving average price is $31.61. The stock has a market capitalization of $9.79 billion, a P/E ratio of 21.78 and a beta of 0.70.

Makita (OTCMKTS:MKTAY - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The company reported $0.58 earnings per share (EPS) for the quarter. Makita had a return on equity of 7.52% and a net margin of 9.09%. As a group, sell-side analysts expect that Makita will post 1.56 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, UBS Group upgraded shares of Makita from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 30th.

About Makita

Makita Corporation engages in the manufacture and sale of electric power tools, pneumatic tools, and gardening and household equipment in Japan, Europe, North America, Asia, Australia, Brazil, and the United Arab Emirates. It offers cordless, drilling/fastening, impact drilling/demolition, grinding/sanding, sawing, planning/routering, pneumatic, outdoor power, and dust extraction/other equipment, as well as accessories; and cutting equipment for new materials, masonry, and metals.