Murata Manufacturing Co., Ltd. (OTCMKTS:MRAAY) Sees Significant Drop in Short Interest

Murata Manufacturing Co., Ltd. (OTCMKTS:MRAAY - Get Free Report) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 4,500 shares, a drop of 63.4% from the September 15th total of 12,300 shares. Based on an average trading volume of 400,200 shares, the days-to-cover ratio is currently 0.0 days.

Murata Manufacturing Stock Performance

Murata Manufacturing stock traded down $0.07 during trading hours on Thursday, hitting $9.63. 99,834 shares of the stock were exchanged, compared to its average volume of 278,149. Murata Manufacturing has a 12 month low of $8.08 and a 12 month high of $12.00. The business's 50-day moving average is $9.78 and its two-hundred day moving average is $9.82. The stock has a market capitalization of $36.39 billion, a P/E ratio of 29.39 and a beta of 0.83.

Murata Manufacturing (OTCMKTS:MRAAY - Get Free Report) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.01. The firm had revenue of $2.71 billion during the quarter, compared to analysts' expectations of $2.63 billion. Murata Manufacturing had a return on equity of 7.63% and a net margin of 11.62%. On average, equities analysts predict that Murata Manufacturing will post 0.52 earnings per share for the current fiscal year.

About Murata Manufacturing

Murata Manufacturing Co, Ltd. designs, manufactures, and sells ceramic-based passive electronic components and solutions in Japan and internationally. It operates through Components, Devices and Modules, and Others segments. The company offers capacitors, inductors, noise suppression products/EMI suppression filters/ESD protection devices, resistors, thermistors, sensors, timing devices, quartz devices, sound components, power products, batteries, micro mechatronics, RFID product, baluns, couplers, filters, phase shifters, RF switches, front-end modules, SAW components, connectors, antennas, connectivity modules, wireless connectivity platforms, ionizers/active oxygen modules, and transformers.