Makita Co. (OTCMKTS:MKTAY) Sees Large Decline in Short Interest

Makita Co. (OTCMKTS:MKTAY - Get Free Report) was the target of a significant decline in short interest in November. As of November 30th, there was short interest totalling 2,700 shares, a decline of 25.0% from the November 15th total of 3,600 shares. Based on an average daily volume of 19,900 shares, the days-to-cover ratio is currently 0.1 days.

Makita Stock Down 1.1 %

MKTAY stock traded down $0.36 during trading hours on Friday, hitting $31.20. The company's stock had a trading volume of 14,891 shares, compared to its average volume of 12,702. Makita has a 12 month low of $24.59 and a 12 month high of $35.49. The stock has a 50 day moving average price of $31.53 and a two-hundred day moving average price of $30.91. The company has a market capitalization of $8.39 billion, a PE ratio of 22.44 and a beta of 0.74.

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.