Monotaro (OTCMKTS:MONOY) Sees Large Decline in Short Interest

Monotaro (OTCMKTS:MONOY) was the target of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 27,892 shares, a drop of 92.8% from the April 15th total of 388,256 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 188,451 shares, the days-to-cover ratio is presently 0.1 days.

Monotaro Price Performance

OTCMKTS MONOY traded down $0.08 on Monday, hitting $11.95. 120,255 shares of the company’s stock were exchanged, compared to its average volume of 210,292. The stock has a 50-day moving average of $11.59 and a 200-day moving average of $13.36. The company has a current ratio of 2.30, a quick ratio of 1.88 and a debt-to-equity ratio of 0.11. Monotaro has a 52 week low of $10.26 and a 52 week high of $21.63. The stock has a market cap of $5.99 billion, a price-to-earnings ratio of 27.16 and a beta of 1.11.

About Monotaro

Monotaro Co, Ltd., trading on the OTC Market under the symbol MONOY, is a Japan-based e-commerce platform specializing in maintenance, repair and operations (MRO) supplies. Founded in 2000 as a subsidiary of IT Holdings Co, the company offers a broad assortment of industrial products including tools, safety gear, fasteners, electrical components and work-site consumables tailored to small and medium-sized enterprises, contractors and facility managers.

Through its online marketplaces in Japan and a regional subsidiary in Singapore, Monotaro provides access to several million stock-keeping units (SKUs), supported by streamlined procurement processes, competitive pricing and logistics capabilities designed to deliver same- or next-day shipment.