Short Interest in Makita Corp. (OTCMKTS:MKTAY) Drops By 85.2%

Makita Corp. (OTCMKTS:MKTAY) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 6,700 shares, a decrease of 85.2% from the June 30th total of 45,372 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 49,842 shares, the days-to-cover ratio is currently 0.1 days.

Makita Stock Up 0.7%

OTCMKTS MKTAY traded up $0.23 on Friday, reaching $34.38. The company had a trading volume of 15,000 shares, compared to its average volume of 19,028. The stock has a market capitalization of $9.09 billion, a PE ratio of 17.28 and a beta of 0.61. Makita has a 12 month low of $26.76 and a 12 month high of $41.20. The firm’s 50 day moving average price is $35.25 and its 200 day moving average price is $35.00.

Makita (OTCMKTS:MKTAY) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.09. Makita had a return on equity of 8.14% and a net margin of 10.21%.The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.26 billion.

Makita Company Profile

Makita Corporation (OTCMKTS:MKTAY) is a global manufacturer of professional and consumer power tools headquartered in Anjō, Aichi Prefecture, Japan. Founded in 1915 as an electric motor sales and repair company, it incorporated as Makita Electric Works, Ltd. in 1958 and has since expanded its product portfolio to serve both industrial and residential markets. The company’s core business activities encompass the design, production and distribution of power tools, outdoor power equipment and accessories.

Makita’s product lineup includes cordless and corded electric drills, drivers, saws, grinders, sanders and rotary hammers, as well as pneumatic and gasoline-powered machinery.