Murata Manufacturing Inc. (OTCMKTS:MRAAY) Short Interest Up 571.0% in December

Murata Manufacturing Inc. (OTCMKTS:MRAAY) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 70,414 shares, an increase of 571.0% from the December 15th total of 10,494 shares. Based on an average trading volume of 520,723 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 520,723 shares, the days-to-cover ratio is presently 0.1 days.

Murata Manufacturing Price Performance

Shares of MRAAY stock traded up $0.18 during trading hours on Wednesday, reaching $10.62. The stock had a trading volume of 752,021 shares, compared to its average volume of 200,597. The firm has a market capitalization of $38.83 billion, a PE ratio of 24.70 and a beta of 0.92. The firm has a 50-day simple moving average of $10.32 and a 200-day simple moving average of $9.14. Murata Manufacturing has a twelve month low of $6.24 and a twelve month high of $11.25.

Murata Manufacturing (OTCMKTS:MRAAY) last posted its earnings results on Friday, October 31st. The company reported $0.15 EPS for the quarter. The firm had revenue of $3.30 billion during the quarter. Murata Manufacturing had a net margin of 13.40% and a return on equity of 9.16%. On average, equities analysts anticipate that Murata Manufacturing will post 0.41 earnings per share for the current 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.