Rohm Co. (OTCMKTS:ROHCY) Short Interest Up 55.6% in July

Rohm Co. (OTCMKTS:ROHCY) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 8,503 shares, a growth of 55.6% from the July 15th total of 5,465 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 15,075 shares, the days-to-cover ratio is currently 0.6 days.

Rohm Trading Down 0.7%

Shares of ROHCY opened at $30.80 on Thursday. The business’s 50-day moving average price is $30.92 and its 200-day moving average price is $25.44. Rohm has a twelve month low of $12.62 and a twelve month high of $36.52. The stock has a market cap of $11.89 billion, a PE ratio of -11.98 and a beta of 1.32. The company has a quick ratio of 2.77, a current ratio of 3.79 and a debt-to-equity ratio of 0.40.

Rohm (OTCMKTS:ROHCY) last released its quarterly earnings data on Wednesday, August 5th. The technology company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). The firm had revenue of $851.76 million during the quarter, compared to the consensus estimate of $813.37 million. Rohm had a negative net margin of 29.85% and a positive return on equity of 4.23%. On average, equities analysts forecast that Rohm will post 0.81 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised shares of Rohm to a “buy” rating in a research report on Monday, June 8th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Rohm presently has a consensus rating of “Moderate Buy”.

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.