Mazda Motor Corporation (OTCMKTS:MZDAY) Sees Significant Decrease in Short Interest

Key Points

• Mazda Motor Corporation experienced a significant drop in short interest, with a decrease of 94.7% in August, bringing the total to 1,100 shares as of August 31.
• Citigroup upgraded Mazda's stock rating from "neutral" to "buy", contributing to a current consensus rating of "Hold" from analysts.
• The company reported a net revenue of $7.61 billion for the quarter, with an earnings per share of ($0.18), and is projected to achieve 0.66 EPS for the fiscal year ahead.

Mazda Motor Corporation (OTCMKTS:MZDAY - Get Free Report) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 1,100 shares, a drop of 94.7% from the August 15th total of 20,700 shares. Currently, 0.0% of the company's stock are short sold. Based on an average daily volume of 102,100 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 102,100 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company's stock are short sold.

Analyst Upgrades and Downgrades

Separately, Citigroup upgraded shares of Mazda Motor from a "neutral" rating to a "buy" rating in a report on Monday. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Mazda Motor currently has a consensus rating of "Hold".

Mazda Motor Stock Performance

OTCMKTS MZDAY traded up $0.02 on Thursday, hitting $3.81. 30,627 shares of the stock were exchanged, compared to its average volume of 145,611. The company has a market capitalization of $4.80 billion, a PE ratio of 38.05 and a beta of 0.63. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.52 and a quick ratio of 1.02. The business's fifty day moving average is $3.20 and its 200 day moving average is $3.11. Mazda Motor has a 52 week low of $2.44 and a 52 week high of $4.00.

Mazda Motor (OTCMKTS:MZDAY - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported ($0.18) earnings per share for the quarter. Mazda Motor had a return on equity of 3.36% and a net margin of 0.39%.The firm had revenue of $7.61 billion for the quarter. Research analysts anticipate that Mazda Motor will post 0.66 EPS 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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