Makita Co. (OTCMKTS:MKTAY) Short Interest Update

Makita Co. (OTCMKTS:MKTAY - Get Free Report) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 24,200 shares, a growth of 149.5% from the February 28th total of 9,700 shares. Based on an average trading volume of 14,600 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.0% of the shares of the company are sold short.

Makita Trading Down 0.1 %

MKTAY traded down $0.02 during midday trading on Tuesday, reaching $33.18. The company's stock had a trading volume of 10,779 shares, compared to its average volume of 13,795. The company has a fifty day simple moving average of $32.52 and a 200 day simple moving average of $31.80. The stock has a market cap of $8.93 billion, a P/E ratio of 19.87 and a beta of 0.70. Makita has a twelve month low of $26.35 and a twelve month high of $39.05.

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

Analyst Upgrades and Downgrades

Separately, UBS Group upgraded shares of Makita from a "hold" rating to a "strong-buy" rating in a 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.