Murata Manufacturing Co., Ltd. (OTCMKTS:MRAAY) Short Interest Up 545.5% in June

Murata Manufacturing Co., Ltd. (OTCMKTS:MRAAY) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totalling 134,900 shares, a growth of 545.5% from the June 15th total of 20,900 shares. Based on an average daily volume of 774,800 shares, the days-to-cover ratio is currently 0.2 days.

Murata Manufacturing Stock Performance

MRAAY stock traded up $0.01 during mid-day trading on Thursday, reaching $11.33. The company had a trading volume of 883,308 shares, compared to its average volume of 299,540. The firm has a fifty day simple moving average of $9.83 and a 200 day simple moving average of $9.77. The company has a market capitalization of $42.79 billion, a price-to-earnings ratio of 34.27 and a beta of 0.86. Murata Manufacturing has a fifty-two week low of $8.08 and a fifty-two week high of $11.61.

Murata Manufacturing (OTCMKTS:MRAAY) last issued its earnings results on Friday, April 26th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.08). Murata Manufacturing had a net margin of 11.12% and a return on equity of 7.24%. The firm had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.44 billion. As a group, analysts predict that Murata Manufacturing will post 0.45 earnings per share for the current year.

About Murata Manufacturing

Murata Manufacturing Co, Ltd. designs, manufactures, and sells ceramic-based passive electronic components and solutions in Japan and internationally. It operates through Components, Devices and Modules, and Others segments. 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.