Makita Co. (OTCMKTS:MKTAY) Short Interest Down 74.6% in February

Makita Co. (OTCMKTS:MKTAY) was the target of a significant decline in short interest in February. As of February 15th, there was short interest totalling 3,300 shares, a decline of 74.6% from the January 31st total of 13,000 shares. Based on an average trading volume of 36,800 shares, the short-interest ratio is currently 0.1 days.

Makita Stock Performance

Shares of Makita stock traded down $0.24 on Friday, hitting $31.68. 9,578 shares of the company traded hands, compared to its average volume of 16,663. The business has a 50-day simple moving average of $30.18 and a 200 day simple moving average of $31.37. Makita has a 52 week low of $25.26 and a 52 week high of $35.49. The stock has a market capitalization of $8.52 billion, a P/E ratio of 18.97 and a beta of 0.74.

Makita (OTCMKTS:MKTAY) last announced its quarterly earnings results on Wednesday, January 29th. The company reported $0.58 EPS for the quarter. Makita had a net margin of 9.09% and a return on equity of 7.52%. Research analysts expect that Makita will post 1.56 earnings per share for the current year.

Analysts Set New Price Targets

Separately, UBS Group upgraded Makita from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 30th.

About Makita

Makita Corporation engages in the manufacture and sale of electric power tools, pneumatic tools, and gardening and household equipment in Japan, Europe, North America, Asia, Australia, Brazil, and the United Arab Emirates. It offers cordless, drilling/fastening, impact drilling/demolition, grinding/sanding, sawing, planning/routering, pneumatic, outdoor power, and dust extraction/other equipment, as well as accessories; and cutting equipment for new materials, masonry, and metals.