Mazda Motor Corporation (OTCMKTS:MZDAY) Sees Large Increase in Short Interest

Key Points

• Mazda Motor Corporation experienced a significant increase in short interest, rising by 72.7% in September, with 1,900 shares reported compared to 1,100 shares at the end of August.
• Citigroup upgraded Mazda Motor's rating from "neutral" to "buy," although the current consensus rating remains at "Hold" among analysts.
• The company's stock recently traded at $3.62, with a market cap of $4.56 billion, and it reported a net margin of 0.39% and revenue of $7.61 billion for the last quarter.

Mazda Motor Corporation (OTCMKTS:MZDAY - Get Free Report) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 1,900 shares, an increase of 72.7% from the August 31st total of 1,100 shares. Based on an average daily volume of 125,100 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 125,100 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Citigroup raised Mazda Motor from a "neutral" rating to a "buy" rating in a research report on Monday, September 8th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Mazda Motor presently has a consensus rating of "Hold".

Mazda Motor Stock Performance

Shares of MZDAY traded up $0.05 during trading hours on Monday, hitting $3.62. The company's stock had a trading volume of 62,406 shares, compared to its average volume of 135,706. The business has a 50 day simple moving average of $3.44 and a two-hundred day simple moving average of $3.14. The company has a market cap of $4.56 billion, a price-to-earnings ratio of 36.18 and a beta of 0.61. Mazda Motor has a 52-week low of $2.44 and a 52-week high of $3.97. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.52 and a quick ratio of 1.02.

Mazda Motor (OTCMKTS:MZDAY - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported ($0.18) earnings per share (EPS) for the quarter. Mazda Motor had a net margin of 0.39% and a return on equity of 3.36%. The business had revenue of $7.61 billion for the quarter. On average, equities analysts expect that Mazda Motor will post 0.66 earnings per share for the current fiscal year.

About Mazda Motor

Mazda Motor Corporation engages in the manufacture and sale of passenger cars and commercial vehicles in Japan, China, North America, Europe, and internationally. The company was formerly known as Toyo Kogyo Co, Ltd. and changed its name to Mazda Motor Corporation in May 1984. Mazda Motor Corporation was incorporated in 1920 and is headquartered in Hiroshima, Japan.

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