Murata Manufacturing Inc. (OTCMKTS:MRAAY) Shares Shorted: Short Interest Down 39.3% in October

Murata Manufacturing Inc. (OTCMKTS:MRAAY) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 423,646 shares, a drop of 39.3% from the September 30th total of 697,955 shares. Based on an average daily trading volume, of 1,099,487 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the company’s shares are sold short.

Murata Manufacturing Stock Performance

Shares of Murata Manufacturing stock opened at $19.68 on Tuesday. The stock has a market capitalization of $71.96 billion, a PE ratio of 45.74 and a beta of 1.66. Murata Manufacturing has a 52-week low of $9.33 and a 52-week high of $38.72. The company has a 50-day simple moving average of $23.46 and a two-hundred day simple moving average of $20.37.

Murata Manufacturing (OTCMKTS:MRAAY) last released its quarterly earnings data on Friday, October 30th. The company reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. The company had revenue of $3.70 billion during the quarter, compared to the consensus estimate of $3.53 billion. Murata Manufacturing had a return on equity of 9.84% and a net margin of 13.86%. As a group, equities research analysts forecast that Murata Manufacturing will post 0.69 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Sanford C. Bernstein began coverage on Murata Manufacturing in a research note on Tuesday, September 15th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Murata Manufacturing presently has an average rating of “Buy”.

Murata Manufacturing Company Profile

Murata Manufacturing Co, Ltd. is a Japanese electronic components manufacturer that develops and produces components, modules and devices used in a broad range of electronic equipment. Its product portfolio includes multilayer ceramic capacitors, inductors, filters, timing devices, sensors, wireless connectivity modules and power-related components.

The company’s products support applications in smartphones, computers, automobiles, industrial equipment, healthcare devices and other consumer and communications electronics.