Short Interest in Mazda Motor Corporation (OTCMKTS:MZDAY) Increases By 1,015.8%

Key Points

• Short interest in Mazda Motor Corporation surged by 1,015.8% in September, rising from 1,900 shares to 21,200 shares, indicating increased bearish sentiment among investors.
• Citigroup upgraded Mazda's rating from "neutral" to "buy", and the stock currently has an average rating of "Hold" from analysts.
• Mazda's recent earnings report showed a loss of ($0.18) per share, with revenue of $7.61 billion for the quarter, leading to a projected 0.66 earnings per share for the current year.

Mazda Motor Corporation (OTCMKTS:MZDAY - Get Free Report) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 21,200 shares, an increase of 1,015.8% from the September 15th total of 1,900 shares. Based on an average trading volume of 72,400 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 72,400 shares, the days-to-cover ratio is currently 0.3 days.

Analyst Ratings Changes

Separately, Citigroup raised Mazda Motor from a "neutral" rating to a "buy" rating in a report on Monday, September 8th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold".

Mazda Motor Price Performance

MZDAY stock traded down $0.01 during mid-day trading on Thursday, reaching $3.54. 37,400 shares of the company traded hands, compared to its average volume of 132,015. 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 company has a market capitalization of $4.46 billion, a P/E ratio of 35.40 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 fifty day moving average price of $3.50 and a 200-day moving average price of $3.14.

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