Murata Manufacturing Inc. (OTCMKTS:MRAAY) Short Interest Down 50.4% in June

Murata Manufacturing Inc. (OTCMKTS:MRAAY) was the recipient of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 200,976 shares, a decline of 50.4% from the May 31st total of 405,323 shares. Based on an average daily volume of 2,272,008 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Murata Manufacturing Price Performance

MRAAY stock traded up $0.72 on Tuesday, reaching $35.62. 178,945 shares of the company were exchanged, compared to its average volume of 551,641. The firm has a market capitalization of $130.26 billion, a PE ratio of 84.82 and a beta of 1.59. Murata Manufacturing has a 12 month low of $6.95 and a 12 month high of $38.72. The stock’s fifty day moving average price is $24.84 and its 200 day moving average price is $16.01.

Murata Manufacturing (OTCMKTS:MRAAY) last released its earnings results on Thursday, April 30th. The company reported $0.13 earnings per share 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 net margin of 12.80% and a return on equity of 8.97%. As a group, research analysts expect that Murata Manufacturing will post 0.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Zacks Research upgraded shares of Murata Manufacturing to a “hold” rating in a research note on Monday, April 27th. Citigroup upgraded shares of Murata Manufacturing from a “hold” rating to a “strong-buy” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Murata Manufacturing currently has an average rating of “Buy”.

About Murata Manufacturing

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.