Murata Manufacturing Inc. (OTCMKTS:MRAAY) Short Interest Down 71.9% in April

Murata Manufacturing Inc. (OTCMKTS:MRAAY) was the recipient of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 351,742 shares, a decrease of 71.9% from the April 15th total of 1,253,745 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 700,440 shares, the days-to-cover ratio is presently 0.5 days.

Murata Manufacturing Stock Performance

Murata Manufacturing stock traded down $0.61 during trading on Friday, hitting $19.45. The company’s stock had a trading volume of 335,751 shares, compared to its average volume of 407,997. The stock has a market capitalization of $71.12 billion, a price-to-earnings ratio of 46.31 and a beta of 1.32. The stock’s fifty day moving average is $13.69 and its 200 day moving average is $11.70. Murata Manufacturing has a 1-year low of $6.80 and a 1-year high of $20.67.

Murata Manufacturing (OTCMKTS:MRAAY) last released 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 analyst estimates of $2.91 billion. Murata Manufacturing had a return on equity of 8.97% and a net margin of 12.80%. On average, research analysts anticipate that Murata Manufacturing will post 0.51 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Murata Manufacturing to a “hold” rating in a research note on Monday, April 27th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Murata Manufacturing currently has a consensus 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.