Short Interest in Murata Manufacturing Inc. (OTCMKTS:MRAAY) Expands By 72.2%

Murata Manufacturing Inc. (OTCMKTS:MRAAY) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totaling 605,786 shares, a growth of 72.2% from the April 30th total of 351,742 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 855,052 shares, the days-to-cover ratio is presently 0.7 days.

Analyst Ratings Changes

Separately, Zacks Research raised Murata Manufacturing to a “hold” rating in a research note on Monday, April 27th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

Murata Manufacturing Trading Down 1.2%

Murata Manufacturing stock opened at $32.20 on Thursday. The company has a market capitalization of $117.74 billion, a PE ratio of 76.67 and a beta of 1.59. Murata Manufacturing has a 12 month low of $6.80 and a 12 month high of $35.50. The stock has a 50-day moving average price of $17.50 and a two-hundred day moving average price of $13.17.

Murata Manufacturing (OTCMKTS:MRAAY) last posted its earnings results on Thursday, April 30th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.10 by $0.03. The firm had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $2.91 billion. Murata Manufacturing had a return on equity of 8.97% and a net margin of 12.80%. As a group, analysts predict that Murata Manufacturing will post 0.51 earnings per share for the current fiscal year.

About Murata Manufacturing

Murata Manufacturing Co, Ltd. is a Japan-based manufacturer of electronic components and modules, best known for its development and production of ceramic components. Founded in 1944 by Akira Murata and headquartered in Nagaokakyo, Kyoto Prefecture, the company has grown into a leading global supplier of multilayer ceramic capacitors (MLCCs), ceramic resonators, and a broad range of passive and active electronic parts used across consumer, industrial and automotive electronics.

The company’s product portfolio encompasses passive components (such as capacitors, inductors and filters), sensors and sensing modules, power modules, and RF/wireless communication modules.