Rohm Co. (OTCMKTS:ROHCY) Sees Significant Increase in Short Interest

Rohm Co. (OTCMKTS:ROHCYGet Free Report) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 8,503 shares, an increase of 55.6% from the July 15th total of 5,465 shares. Based on an average trading volume of 15,075 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.0% of the company’s stock are sold short.

Rohm Trading Down 4.6%

Rohm stock opened at $31.01 on Wednesday. The company has a market cap of $11.97 billion, a price-to-earnings ratio of -12.07 and a beta of 1.32. The firm has a 50-day moving average of $30.88 and a 200-day moving average of $25.35. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.79 and a quick ratio of 2.77. Rohm has a one year low of $12.62 and a one year high of $36.52.

Rohm (OTCMKTS:ROHCYGet Free Report) last released its earnings results on Wednesday, August 5th. The technology company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). Rohm had a negative net margin of 29.85% and a positive return on equity of 4.23%. The company had revenue of $851.76 million during the quarter, compared to analyst estimates of $813.37 million. On average, equities analysts expect that Rohm will post 0.81 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upgraded shares of Rohm to a “buy” rating in a report on Monday, June 8th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Check Out Our Latest Analysis on ROHCY

Rohm Company Profile

(Get Free Report)

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.

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