Makita Corp. (OTCMKTS:MKTAY) Short Interest Update

Makita Corp. (OTCMKTS:MKTAY) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 20,102 shares, a growth of 200.0% from the July 15th total of 6,700 shares. Based on an average daily volume of 31,313 shares, the short-interest ratio is presently 0.6 days. Approximately 0.0% of the company’s stock are short sold.

Makita Stock Performance

Shares of Makita stock traded down $0.29 during mid-day trading on Friday, hitting $33.96. 15,779 shares of the stock were exchanged, compared to its average volume of 17,216. Makita has a 12 month low of $26.76 and a 12 month high of $41.20. The company has a 50-day simple moving average of $34.97 and a 200 day simple moving average of $35.30. The company has a market capitalization of $8.98 billion, a P/E ratio of 16.57 and a beta of 0.61.

Makita (OTCMKTS:MKTAY) last announced its earnings results on Wednesday, July 29th. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.05. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.26 billion. Makita had a return on equity of 8.21% and a net margin of 10.40%.

About Makita

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.