Monotaro (OTCMKTS:MONOY) Sees Large Decline in Short Interest

Monotaro (OTCMKTS:MONOY) was the target of a large decrease in short interest in April. As of April 30th, there was short interest totaling 27,892 shares, a decrease of 92.8% from the April 15th total of 388,256 shares. Based on an average daily volume of 188,451 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Monotaro Trading Down 0.7%

Monotaro stock traded down $0.08 during trading hours on Monday, hitting $11.95. The stock had a trading volume of 120,255 shares, compared to its average volume of 210,292. The business’s 50 day simple moving average is $11.59 and its 200-day simple moving average is $13.36. Monotaro has a one year low of $10.26 and a one year high of $21.63. The stock has a market cap of $5.99 billion, a price-to-earnings ratio of 27.16 and a beta of 1.11. The company has a quick ratio of 1.88, a current ratio of 2.30 and a debt-to-equity ratio of 0.11.

About Monotaro

Monotaro Co, Ltd., trading on the OTC Market under the symbol MONOY, is a Japan-based e-commerce platform specializing in maintenance, repair and operations (MRO) supplies. Founded in 2000 as a subsidiary of IT Holdings Co, the company offers a broad assortment of industrial products including tools, safety gear, fasteners, electrical components and work-site consumables tailored to small and medium-sized enterprises, contractors and facility managers.

Through its online marketplaces in Japan and a regional subsidiary in Singapore, Monotaro provides access to several million stock-keeping units (SKUs), supported by streamlined procurement processes, competitive pricing and logistics capabilities designed to deliver same- or next-day shipment.