Murata Manufacturing Inc. (OTCMKTS:MRAAY) Sees Significant Decrease in Short Interest

Murata Manufacturing Inc. (OTCMKTS:MRAAY) was the target of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 405,323 shares, a decline of 33.1% from the May 14th total of 605,786 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 1,540,674 shares, the days-to-cover ratio is presently 0.3 days.

Murata Manufacturing Stock Up 16.4%

Shares of MRAAY stock opened at $31.80 on Tuesday. The stock has a market cap of $116.28 billion, a PE ratio of 75.72 and a beta of 1.59. The business has a 50-day simple moving average of $20.37 and a 200-day simple moving average of $14.27. Murata Manufacturing has a 52-week low of $6.80 and a 52-week high of $35.50.

Murata Manufacturing (OTCMKTS:MRAAY) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.03. The business had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $2.91 billion. Murata Manufacturing had a return on equity of 8.97% and a net margin of 12.80%. Sell-side analysts anticipate that Murata Manufacturing will post 0.51 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Murata Manufacturing to a “hold” rating in a research note on Monday, April 27th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Murata Manufacturing Company Profile

Murata Manufacturing Co, Ltd. is a Japan-based manufacturer of electronic components and modules, best known for its development and production of ceramic components. Founded in 1944 by Akira Murata and headquartered in Nagaokakyo, Kyoto Prefecture, the company has grown into a leading global supplier of multilayer ceramic capacitors (MLCCs), ceramic resonators, and a broad range of passive and active electronic parts used across consumer, industrial and automotive electronics.

The company’s product portfolio encompasses passive components (such as capacitors, inductors and filters), sensors and sensing modules, power modules, and RF/wireless communication modules.