Monotaro (OTCMKTS:MONOY) Shares Shorted: Short Interest Down 96.2% in September

Monotaro (OTCMKTS:MONOY – Get Free Report) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 1,978 shares, a decline of 96.2% from the September 15th total of 51,394 shares. Based on an average daily volume of 222,651 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded shares of Monotaro from a “hold” rating to a “buy” rating in a research report on Thursday, October 1st. One research analyst has rated the stock with a Buy rating. According to MarketBeat, Monotaro has a consensus rating of “Buy”.

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Monotaro Stock Performance

OTCMKTS:MONOY traded up $0.63 on Friday, hitting $14.16. The stock had a trading volume of 44,075 shares, compared to its average volume of 87,346. The stock has a market cap of $7.03 billion, a price-to-earnings ratio of 30.78 and a beta of 1.13. The company has a quick ratio of 2.06, a current ratio of 2.69 and a debt-to-equity ratio of 0.17. The business’s 50-day simple moving average is $12.24 and its two-hundred day simple moving average is $11.80. Monotaro has a 52-week low of $10.26 and a 52-week high of $16.76.

Monotaro (OTCMKTS:MONOY – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.12 earnings per share (EPS) for the quarter. Monotaro had a return on equity of 29.68% and a net margin of 9.70%. The business had revenue of $612.94 million during the quarter, compared to the consensus estimate of $614.74 million. As a group, research analysts predict that Monotaro will post 0.48 earnings per share for the current year.

Monotaro Company Profile

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MonotaRO Co, Ltd. is a Japan-based e-commerce company that supplies maintenance, repair and operations (MRO) products to businesses and individual customers. Through its online platform, the company offers a broad selection of industrial supplies, tools, equipment and consumables.

Its product categories include hand and power tools, safety equipment, automotive maintenance products, manufacturing and construction supplies, office and facility-maintenance goods, cleaning products, and agricultural materials.

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