Short Interest in Murata Manufacturing Co., Ltd. (OTCMKTS:MRAAY) Declines By 99.7%

Murata Manufacturing Co., Ltd. (OTCMKTS:MRAAY) saw a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 500 shares, a drop of 99.7% from the November 30th total of 145,300 shares. Based on an average daily volume of 1,064,800 shares, the short-interest ratio is presently 0.0 days.

Murata Manufacturing Price Performance

Shares of OTCMKTS MRAAY traded up $0.03 during midday trading on Friday, reaching $7.86. 704,798 shares of the company traded hands, compared to its average volume of 328,225. The stock has a 50-day moving average price of $8.45 and a 200 day moving average price of $9.58. The company has a market cap of $30.86 billion, a price-to-earnings ratio of 24.56 and a beta of 0.81. Murata Manufacturing has a 52 week low of $7.55 and a 52 week high of $12.00.

Murata Manufacturing (OTCMKTS:MRAAY) last released its earnings results on Friday, November 1st. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.03). Murata Manufacturing had a return on equity of 7.23% and a net margin of 10.80%. The firm had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $2.94 billion. As a group, analysts expect that Murata Manufacturing will post 0.54 EPS for the current 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.