Monotaro (OTCMKTS:MONOY) Sees Large Growth in Short Interest

Key Points

• Short interest in Monotaro increased by 186.4% in July, reaching a total of 23,200 shares as of July 15th, compared to 8,100 shares at the end of June.
• The company's quarterly earnings report showed an EPS of $0.11 with revenues of $561.57 million, slightly below expectations of $567.49 million.
• Jefferies Financial Group upgraded Monotaro's rating from "underperform" to "hold" on June 13th, reflecting a potential positive outlook for the company.

Monotaro (OTCMKTS:MONOY - Get Free Report) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 23,200 shares, agrowthof186.4% from the June 30th total of 8,100 shares. Based on an average daily volume of 80,100 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 80,100 shares, the short-interest ratio is currently 0.3 days.

Monotaro Stock Performance

MONOY opened at $18.02 on Monday. The business has a fifty day simple moving average of $19.44 and a 200 day simple moving average of $18.75. The company has a market capitalization of $9.03 billion, a PE ratio of 37.54 and a beta of 0.78. Monotaro has a 1 year low of $14.52 and a 1 year high of $21.63. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.68 and a quick ratio of 2.08.

Monotaro (OTCMKTS:MONOY - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.11 earnings per share (EPS) for the quarter. The business had revenue of $561.57 million during the quarter, compared to the consensus estimate of $567.49 million. Monotaro had a return on equity of 35.15% and a net margin of 9.36%. Research analysts expect that Monotaro will post 0.4 EPS for the current year.

Analysts Set New Price Targets

Separately, Jefferies Financial Group raised Monotaro from an "underperform" rating to a "hold" rating in a research report on Friday, June 13th.

Monotaro Company Profile

MonotaRO Co, Ltd., together with its subsidiaries, operates an online MRO products store in Japan and internationally. The company offers safety protective equipment, work clothes, and safety shoes; logistics, storage, and packing supplies; tapes; safety, disaster prevention, and crime prevention products; safety signs; ship and fishing supplies; office supplies; office furniture/lighting/cleaning supplies; cutting tools and abrasives; measurement and surveying equipment; hand tools/electric and pneumatic tools; sprays, oils, greases, and paints; adhesives and repair materials; welding supplies; and piping and water related components/pumps/pneumatic and hydraulic equipment/hoses.

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