Rohm Co. (OTCMKTS:ROHCY) Sees Significant Growth in Short Interest

Rohm Co. (OTCMKTS:ROHCY) saw a large growth in short interest in May. As of May 29th, there was short interest totaling 15,290 shares, a growth of 171.7% from the May 14th total of 5,628 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 12,790 shares, the short-interest ratio is currently 1.2 days.

Analysts Set New Price Targets

ROHCY has been the subject of several recent analyst reports. Zacks Research upgraded shares of Rohm to a “hold” rating in a research note on Wednesday, April 8th. The Goldman Sachs Group raised shares of Rohm to a “buy” rating in a report on Monday, June 8th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Rohm Price Performance

Rohm stock opened at $29.75 on Friday. Rohm has a fifty-two week low of $11.18 and a fifty-two week high of $34.30. The firm has a market capitalization of $11.48 billion, a price-to-earnings ratio of -11.27 and a beta of 1.30. The stock’s fifty day moving average is $26.14 and its two-hundred day moving average is $19.87. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.30 and a current ratio of 3.34.

Rohm (OTCMKTS:ROHCY) last released its quarterly earnings results on Tuesday, May 12th. The technology company reported $0.40 earnings per share (EPS) for the quarter. Rohm had a positive return on equity of 3.39% and a negative net margin of 31.42%.The business had revenue of $711.55 million during the quarter, compared to the consensus estimate of $704.12 million. Analysts predict that Rohm will post 0.64 EPS for the current fiscal year.

About Rohm

Rohm Co, Ltd., trading in the U.S. as OTCMKTS:ROHCY, is a Japanese semiconductor manufacturer headquartered in Kyoto, Japan. Established in 1958, the company specializes in the design, development and manufacture of a wide range of electronic components. Its product portfolio encompasses analog and mixed-signal integrated circuits, power management devices, discrete semiconductors, optoelectronics and a variety of passive components including chip resistors and capacitors.

Rohm’s semiconductor offerings serve applications across automotive, industrial, computing, communications and consumer electronics markets.