Makita Co. (OTCMKTS:MKTAY) Sees Significant Growth in Short Interest

Makita Co. (OTCMKTS:MKTAY) was the target of a large increase in short interest in December. As of December 15th, there was short interest totalling 10,800 shares, an increase of 300.0% from the November 30th total of 2,700 shares. Based on an average trading volume of 30,000 shares, the days-to-cover ratio is presently 0.4 days.

Makita Trading Up 0.5 %

MKTAY stock traded up $0.16 during mid-day trading on Thursday, reaching $30.41. 18,732 shares of the stock traded hands, compared to its average volume of 12,779. Makita has a 52-week low of $24.59 and a 52-week high of $35.49. The stock’s fifty day moving average is $30.98 and its 200-day moving average is $30.98. The company has a market cap of $8.18 billion, a P/E ratio of 21.87 and a beta of 0.74.

Makita Company Profile

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.