Short Interest in Murata Manufacturing Inc. (OTCMKTS:MRAAY) Grows 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) was the target of a large growth in short interest during the month of August. As of August 15th, there was short interest totaling 190,800 shares, agrowthof32.7% from the July 31st total of 143,800 shares. Based on an average trading volume of 655,600 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 655,600 shares, the days-to-cover ratio is presently 0.3 days.

Murata Manufacturing Stock Performance

MRAAY stock traded down $0.32 during mid-day trading on Tuesday, hitting $8.29. 114,016 shares of the company were exchanged, compared to its average volume of 549,295. The firm has a market cap of $30.86 billion, a P/E ratio of 21.24 and a beta of 0.90. The firm's 50 day simple moving average is $7.76 and its 200 day simple moving average is $7.60. Murata Manufacturing has a 1-year low of $6.24 and a 1-year high of $10.36.

Murata Manufacturing (OTCMKTS:MRAAY - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.09 EPS for the quarter. The firm had revenue of $2.88 billion for the quarter. Murata Manufacturing had a net margin of 12.51% and a return on equity of 8.51%. On average, equities research analysts predict 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.

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