Short Interest in Murata Manufacturing Inc. (OTCMKTS:MRAAY) Increases By 32.7%

Key Points

• Short interest in Murata Manufacturing Inc. rose by 32.7% in August, increasing from 143,800 shares to 190,800 shares.
• The company's stock recently traded at $8.29 and has a market cap of $30.86 billion, with a P/E ratio of 21.24.
• Murata Manufacturing reported a net margin of 12.51% for the last quarter, with earnings per share (EPS) of $0.09 on revenue of $2.88 billion.

Murata Manufacturing Inc. (OTCMKTS:MRAAY - Get Free Report) saw a large increase in short interest in August. As of August 15th, there was short interest totaling 190,800 shares, an increase of 32.7% from the July 31st total of 143,800 shares. Based on an average daily volume of 655,600 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 655,600 shares, the days-to-cover ratio is currently 0.3 days.

Murata Manufacturing Stock Performance

Shares of MRAAY remained flat at $8.51 during trading hours on Friday. The stock had a trading volume of 141,437 shares, compared to its average volume of 262,654. The stock has a market capitalization of $31.70 billion, a P/E ratio of 21.82 and a beta of 0.90. Murata Manufacturing has a 12 month low of $6.24 and a 12 month high of $10.36. The business's fifty day simple moving average is $7.84 and its two-hundred day simple moving average is $7.60.

Murata Manufacturing (OTCMKTS:MRAAY - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.09 earnings per share (EPS) for the quarter. The company had revenue of $2.88 billion for the quarter. Murata Manufacturing had a return on equity of 8.51% and a net margin of 12.51%. Analysts expect that Murata Manufacturing will post 0.41 EPS for the current fiscal 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.