Makita Co. (OTCMKTS:MKTAY) Short Interest Down 74.6% in February

Makita Co. (OTCMKTS:MKTAY) was the recipient of a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 3,300 shares, a drop of 74.6% from the January 31st total of 13,000 shares. Based on an average trading volume of 36,800 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, UBS Group upgraded Makita from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 30th.

Makita Price Performance

Shares of OTCMKTS:MKTAY traded down $0.24 during trading hours on Friday, hitting $31.68. The company’s stock had a trading volume of 9,578 shares, compared to its average volume of 16,663. The firm’s fifty day moving average price is $30.18 and its 200 day moving average price is $31.37. Makita has a 52 week low of $25.26 and a 52 week high of $35.49. The company has a market capitalization of $8.52 billion, a price-to-earnings ratio of 18.97 and a beta of 0.74.

Makita (OTCMKTS:MKTAY) last posted its earnings results on Wednesday, January 29th. The company reported $0.58 earnings per share for the quarter. Makita had a return on equity of 7.52% and a net margin of 9.09%. On average, equities research analysts predict that Makita will post 1.56 earnings per share for the current fiscal year.

About Makita

Makita Corporation engages in the manufacture and sale of electric power tools, pneumatic tools, and gardening and household equipment in Japan, Europe, North America, Asia, Australia, Brazil, and the United Arab Emirates. It offers cordless, drilling/fastening, impact drilling/demolition, grinding/sanding, sawing, planning/routering, pneumatic, outdoor power, and dust extraction/other equipment, as well as accessories; and cutting equipment for new materials, masonry, and metals.