Short Interest in Rohm Co. (OTCMKTS:ROHCY) Increases By 171.7%

Rohm Co. (OTCMKTS:ROHCY) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 15,290 shares, an increase of 171.7% from the May 14th total of 5,628 shares. Based on an average daily trading volume, of 12,790 shares, the short-interest ratio is currently 1.2 days. Approximately 0.0% of the company’s shares are sold short.

Rohm Price Performance

Shares of ROHCY remained flat at $29.75 during midday trading on Friday. The company’s stock had a trading volume of 509 shares, compared to its average volume of 4,413. The firm has a market capitalization of $11.48 billion, a price-to-earnings ratio of -11.27 and a beta of 1.30. The firm has a fifty day moving average of $26.14 and a 200 day moving average of $19.87. Rohm has a 1 year low of $11.18 and a 1 year high of $34.30. The company has a current ratio of 3.34, a quick ratio of 2.30 and a debt-to-equity ratio of 0.32.

Rohm (OTCMKTS:ROHCY) last posted its quarterly earnings data on Tuesday, May 12th. The technology company reported $0.40 earnings per share for the quarter. The company had revenue of $711.55 million during the quarter, compared to analysts’ expectations of $704.12 million. Rohm had a positive return on equity of 3.39% and a negative net margin of 31.42%. Analysts forecast that Rohm will post 0.64 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on ROHCY. The Goldman Sachs Group upgraded Rohm to a “buy” rating in a report on Monday, June 8th. Zacks Research raised shares of Rohm to a “hold” rating in a research note on Wednesday, April 8th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Rohm Company Profile

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.