Murata Manufacturing Inc. (OTCMKTS:MRAAY) Short Interest Update

Key Points

• Murata Manufacturing Inc. experienced a significant decrease in short interest, dropping by 49.3% to 89,100 shares as of September 30th.
• The company's stock opened at $9.47 with a market capitalization of $35.27 billion and has a 52-week range of $6.24 to $9.82.
• In its latest earnings report, Murata Manufacturing reported $0.09 EPS and $2.88 billion in revenue, with analysts projecting 0.41 EPS for the current year.

Murata Manufacturing Inc. (OTCMKTS:MRAAY - Get Free Report) was the recipient of a significant decline in short interest in September. As of September 30th, there was short interest totaling 89,100 shares, a decline of 49.3% from the September 15th total of 175,600 shares. Based on an average daily trading volume, of 768,000 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 768,000 shares, the days-to-cover ratio is presently 0.1 days.

Murata Manufacturing Stock Performance

MRAAY opened at $9.47 on Monday. The stock has a market capitalization of $35.27 billion, a price-to-earnings ratio of 24.28 and a beta of 0.99. The company has a fifty day moving average of $8.76 and a 200 day moving average of $7.76. Murata Manufacturing has a fifty-two week low of $6.24 and a fifty-two week high of $9.82.

Murata Manufacturing (OTCMKTS:MRAAY - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.09 EPS for the quarter. The business had revenue of $2.88 billion during the quarter. Murata Manufacturing had a net margin of 12.51% and a return on equity of 8.51%. On average, equities research analysts forecast that Murata Manufacturing will post 0.41 earnings per share for the current year.

Murata Manufacturing Company Profile

Murata Manufacturing Co, Ltd. designs, manufactures, and sells ceramic-based passive electronic components and solutions in Japan and internationally. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.