Makita Co. (OTCMKTS:MKTAY) Short Interest Up 351.5% in March

Makita Co. (OTCMKTS:MKTAY) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 14,900 shares, a growth of 351.5% from the March 15th total of 3,300 shares. Based on an average daily volume of 14,700 shares, the days-to-cover ratio is presently 1.0 days.

Makita Stock Down 1.0 %

Makita stock opened at $28.37 on Thursday. Makita has a 52 week low of $22.98 and a 52 week high of $31.88. The company has a market capitalization of $7.63 billion, a price-to-earnings ratio of 23.25 and a beta of 0.77. The stock has a 50-day moving average price of $26.83 and a 200 day moving average price of $26.28.

Makita (OTCMKTS:MKTAY) last announced its quarterly earnings results on Wednesday, January 31st. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.05. Makita had a return on equity of 5.63% and a net margin of 6.21%. The company had revenue of $1.23 billion during the quarter. Research analysts anticipate that Makita will post 1.04 EPS for the current fiscal year.

Makita Company Profile

Makita Corporation engages in the manufacture and sale of electric power tools, pneumatic tools, and gardening and household equipment in Japan, Europe, North America, Asia, Australia, Brazil, and the United Arab Emirates. It offers cordless, drilling/fastening, impact drilling/demolition, grinding/sanding, sawing, planning/routering, pneumatic, outdoor power, and dust extraction/other equipment, as well as accessories; and cutting equipment for new materials, masonry, and metals.