Short Interest in Murata Manufacturing Co., Ltd. (OTCMKTS:MRAAY) Decreases By 21.3%

Murata Manufacturing Co., Ltd. (OTCMKTS:MRAAY) saw a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 45,500 shares, a drop of 21.3% from the March 15th total of 57,800 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 683,800 shares, the days-to-cover ratio is currently 0.1 days.

Murata Manufacturing Price Performance

OTCMKTS MRAAY traded down $0.12 on Monday, hitting $7.16. 475,823 shares of the stock were exchanged, compared to its average volume of 621,190. The company’s 50-day moving average price is $8.03 and its two-hundred day moving average price is $8.27. The company has a market capitalization of $28.11 billion, a price-to-earnings ratio of 19.89 and a beta of 0.87. Murata Manufacturing has a 52-week low of $6.24 and a 52-week high of $12.00.

Murata Manufacturing (OTCMKTS:MRAAY) last announced its quarterly earnings results on Friday, February 7th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.03). Murata Manufacturing had a net margin of 12.00% and a return on equity of 8.01%. Equities 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.