Murata Manufacturing Co., Ltd. (OTCMKTS:MRAAY) Short Interest Up 1,626.7% in November

Murata Manufacturing Co., Ltd. (OTCMKTS:MRAAY) was the recipient of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 77,700 shares, an increase of 1,626.7% from the October 31st total of 4,500 shares. Based on an average daily volume of 880,000 shares, the days-to-cover ratio is presently 0.1 days.

Murata Manufacturing Price Performance

Shares of MRAAY stock traded up $0.03 during trading hours on Thursday, reaching $8.20. The company had a trading volume of 438,636 shares, compared to its average volume of 302,326. The company has a market cap of $30.98 billion, a price-to-earnings ratio of 25.63 and a beta of 0.84. Murata Manufacturing has a 12 month low of $8.00 and a 12 month high of $12.00. The business has a fifty day simple moving average of $9.09 and a 200-day simple moving average of $9.77.

Murata Manufacturing (OTCMKTS:MRAAY) last issued its quarterly earnings data on Friday, November 1st. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.03). Murata Manufacturing had a net margin of 10.80% and a return on equity of 7.23%. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $2.94 billion. On average, equities research analysts expect that Murata Manufacturing will post 0.41 earnings per share for the current year.

Murata Manufacturing Company Profile

Murata Manufacturing Co, Ltd. designs, manufactures, and sells ceramic-based passive electronic components and solutions in Japan and internationally. The company offers capacitors, inductors, noise suppression products/EMI suppression filters/ESD protection devices, resistors, thermistors, sensors, timing devices, quartz devices, sound components, power products, batteries, micro mechatronics, RFID product, baluns, couplers, filters, phase shifters, RF switches, front-end modules, SAW components, connectors, antennas, connectivity modules, wireless connectivity platforms, ionizers/active oxygen modules, and transformers.