Short Interest in Makita Co. (OTCMKTS:MKTAY) Decreases By 74.6%

Makita Co. (OTCMKTS:MKTAY) was the target of a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 3,300 shares, a drop of 74.6% from the January 31st total of 13,000 shares. Based on an average trading volume of 36,800 shares, the short-interest ratio is presently 0.1 days.

Makita Stock Up 3.0 %

MKTAY stock opened at $32.64 on Friday. Makita has a fifty-two week low of $25.54 and a fifty-two week high of $35.49. The firm’s 50-day simple moving average is $30.22 and its 200 day simple moving average is $31.41. The stock has a market cap of $8.78 billion, a PE ratio of 19.55 and a beta of 0.74.

Makita (OTCMKTS:MKTAY) last released its earnings results on Wednesday, January 29th. The company reported $0.58 EPS for the quarter. Makita had a net margin of 9.09% and a return on equity of 7.52%. Equities analysts forecast that Makita will post 1.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, UBS Group raised shares of Makita from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 30th.

About Makita

Makita Corporation engages in the manufacture and sale of electric power tools, pneumatic tools, and gardening and household equipment in Japan, Europe, North America, Asia, Australia, Brazil, and the United Arab Emirates. It offers cordless, drilling/fastening, impact drilling/demolition, grinding/sanding, sawing, planning/routering, pneumatic, outdoor power, and dust extraction/other equipment, as well as accessories; and cutting equipment for new materials, masonry, and metals.