Short Interest in Murata Manufacturing Inc. (OTCMKTS:MRAAY) Increases By 72.2%

Murata Manufacturing Inc. (OTCMKTS:MRAAY) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 605,786 shares, an increase of 72.2% from the April 30th total of 351,742 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 855,052 shares, the short-interest ratio is currently 0.7 days.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Murata Manufacturing to a “hold” rating in a research report on Monday, April 27th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Murata Manufacturing Stock Down 3.8%

Murata Manufacturing stock opened at $32.60 on Wednesday. Murata Manufacturing has a 52-week low of $6.80 and a 52-week high of $35.50. The firm has a fifty day moving average of $16.66 and a 200-day moving average of $12.85. The firm has a market capitalization of $119.20 billion, a P/E ratio of 77.62 and a beta of 1.59.

Murata Manufacturing (OTCMKTS:MRAAY) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.03. Murata Manufacturing had a net margin of 12.80% and a return on equity of 8.97%. The company had revenue of $2.94 billion during the quarter, compared to analyst estimates of $2.91 billion. On average, research analysts expect that Murata Manufacturing will post 0.51 EPS for the current fiscal year.

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.