Monotaro (OTCMKTS:MONOY) Shares Shorted: Short Interest Down 96.2% in September

Monotaro (OTCMKTS:MONOY) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 1,978 shares, a drop of 96.2% from the September 15th total of 51,394 shares. Based on an average trading volume of 222,651 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded shares of Monotaro from a “hold” rating to a “buy” rating in a report on Thursday, October 1st. One analyst has rated the stock with a Buy rating. According to MarketBeat.com, Monotaro has a consensus rating of “Buy”.

Monotaro Stock Up 4.7%

MONOY stock traded up $0.63 during midday trading on Friday, hitting $14.16. The company’s stock had a trading volume of 44,075 shares, compared to its average volume of 87,346. The firm’s 50-day moving average is $12.24 and its 200-day moving average is $11.80. The company has a current ratio of 2.69, a quick ratio of 2.06 and a debt-to-equity ratio of 0.17. Monotaro has a 12 month low of $10.26 and a 12 month high of $16.76. The company has a market cap of $7.03 billion, a PE ratio of 30.78 and a beta of 1.13.

Monotaro (OTCMKTS:MONOY) last posted its earnings results on Tuesday, August 4th. The company reported $0.12 EPS for the quarter. Monotaro had a return on equity of 29.68% and a net margin of 9.70%. The business had revenue of $612.94 million during the quarter, compared to analyst estimates of $614.74 million. On average, equities research analysts forecast that Monotaro will post 0.48 earnings per share for the current fiscal year.

About Monotaro

MonotaRO Co, Ltd. is a Japan-based e-commerce company that supplies maintenance, repair and operations (MRO) products to businesses and individual customers. Through its online platform, the company offers a broad selection of industrial supplies, tools, equipment and consumables.

Its product categories include hand and power tools, safety equipment, automotive maintenance products, manufacturing and construction supplies, office and facility-maintenance goods, cleaning products, and agricultural materials.