Short Interest in Rohm Co. (OTCMKTS:ROHCY) Declines By 57.7%

Rohm Co. (OTCMKTS:ROHCY) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 6,471 shares, a drop of 57.7% from the May 31st total of 15,290 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 5,371 shares, the short-interest ratio is presently 1.2 days.

Analysts Set New Price Targets

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

Rohm Stock Up 1.6%

Shares of ROHCY opened at $33.58 on Wednesday. Rohm has a 12 month low of $12.50 and a 12 month high of $36.52. The firm’s 50 day moving average is $28.59 and its 200-day moving average is $21.57. The stock has a market capitalization of $12.96 billion, a PE ratio of -12.72 and a beta of 1.30. The company has a current ratio of 3.79, a quick ratio of 2.77 and a debt-to-equity ratio of 0.40.

Rohm (OTCMKTS:ROHCY) last issued its quarterly earnings results on Tuesday, May 12th. The technology company reported $0.40 earnings per share (EPS) for the quarter. The business had revenue of $711.55 million during the quarter, compared to analysts’ expectations of $704.12 million. Rohm had a positive return on equity of 3.55% and a negative net margin of 31.42%. Equities research analysts forecast that Rohm will post 0.64 EPS for the current 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.