Makita Corp. (OTCMKTS:MKTAY) Short Interest Up 73.3% in August

Makita Corp. (OTCMKTS:MKTAY) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 5,853 shares, a growth of 73.3% from the August 15th total of 3,378 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 42,082 shares, the short-interest ratio is presently 0.1 days.

Makita Stock Performance

Makita stock traded up $0.12 during mid-day trading on Wednesday, reaching $33.93. 7,607 shares of the company were exchanged, compared to its average volume of 18,266. The firm has a market cap of $8.97 billion, a P/E ratio of 16.55 and a beta of 0.60. The business has a fifty day moving average of $33.88 and a 200 day moving average of $34.69. Makita has a 12-month low of $26.76 and a 12-month high of $41.20.

Makita (OTCMKTS:MKTAY) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.51 by $0.05. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.26 billion. Makita had a return on equity of 8.23% and a net margin of 10.40%.

Makita Company Profile

Makita Corporation is a Japanese manufacturer of professional power tools and related equipment. Founded in 1915, the company initially provided electric motor repair and sales services before expanding into the manufacture of power tools. Makita is headquartered in Anjo, Aichi, Japan.

The company’s product portfolio includes cordless and corded power tools such as drills, impact drivers, saws, grinders, sanders and planers. Makita also produces outdoor power equipment, including lawn mowers, trimmers, blowers and chainsaws, as well as pneumatic tools, accessories, batteries and chargers.

Makita serves construction, woodworking, landscaping, manufacturing and other professional markets.