Short Interest in Murata Manufacturing Inc. (OTCMKTS:MRAAY) Declines By 33.1%

Murata Manufacturing Inc. (OTCMKTS:MRAAY) saw a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 405,323 shares, a decline of 33.1% from the May 14th total of 605,786 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 1,540,674 shares, the short-interest ratio is presently 0.3 days.

Murata Manufacturing Stock Performance

Shares of OTCMKTS:MRAAY opened at $36.08 on Thursday. Murata Manufacturing has a 52-week low of $6.80 and a 52-week high of $38.70. The company has a market capitalization of $131.93 billion, a P/E ratio of 85.91 and a beta of 1.59. The company has a 50-day simple moving average of $21.29 and a 200 day simple moving average of $14.61.

Murata Manufacturing (OTCMKTS:MRAAY) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.13 earnings per share (EPS) for the quarter, topping 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 net margin of 12.80% and a return on equity of 8.97%. As a group, equities analysts forecast that Murata Manufacturing will post 0.55 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of 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.com, Murata Manufacturing presently has an average rating of “Hold”.

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.