Makita Co. (OTCMKTS:MKTAY) Short Interest Update

Makita Co. (OTCMKTS:MKTAY - Get Free Report) was the target of a large decline in short interest in February. As of February 15th, there was short interest totalling 3,300 shares, a decline of 74.6% from the January 31st total of 13,000 shares. Based on an average daily volume of 36,800 shares, the days-to-cover ratio is currently 0.1 days.

Makita Trading Up 0.6 %

Shares of OTCMKTS MKTAY traded up $0.19 during mid-day trading on Tuesday, reaching $32.02. The company had a trading volume of 8,587 shares, compared to its average volume of 15,921. The company has a 50-day moving average price of $30.25 and a two-hundred day moving average price of $31.43. The stock has a market cap of $8.61 billion, a PE ratio of 19.17 and a beta of 0.74. Makita has a 1-year low of $25.76 and a 1-year high of $35.49.

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

Wall Street Analyst Weigh In

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

Makita Company Profile

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.