Short Interest in Rohm Co. (OTCMKTS:ROHCY) Declines By 57.7%

Rohm Co. (OTCMKTS:ROHCY) saw a large drop in short interest in June. As of June 15th, there was short interest totaling 6,471 shares, a drop of 57.7% from the May 31st total of 15,290 shares. Based on an average daily volume of 5,371 shares, the short-interest ratio is currently 1.2 days. Currently, 0.0% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ROHCY. The Goldman Sachs Group upgraded shares of Rohm to a “buy” rating in a report on Monday, June 8th. Zacks Research upgraded shares of Rohm to a “hold” rating in a report on Wednesday, April 8th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Rohm presently has an average rating of “Moderate Buy”.

Rohm Stock Performance

Shares of Rohm stock remained flat at $33.06 on Monday. The stock had a trading volume of 245 shares, compared to its average volume of 2,253. The business has a fifty day simple moving average of $28.21 and a two-hundred day simple moving average of $21.30. The stock has a market cap of $12.76 billion, a price-to-earnings ratio of -12.52 and a beta of 1.29. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.79 and a quick ratio of 2.77. Rohm has a 12 month low of $12.50 and a 12 month high of $36.52.

Rohm (OTCMKTS:ROHCY) last announced its earnings results on Tuesday, May 12th. The technology company reported $0.40 EPS for the quarter. The business had revenue of $711.55 million during the quarter, compared to the consensus estimate of $704.12 million. Rohm had a positive return on equity of 3.55% and a negative net margin of 31.42%. On average, equities analysts anticipate that Rohm will post 0.64 earnings per share for the current fiscal year.

About Rohm

Rohm Co, Ltd., trading in the U.S. as OTCMKTS:ROHCY, is a Japanese semiconductor manufacturer headquartered in Kyoto, Japan. Established in 1958, the company specializes in the design, development and manufacture of a wide range of electronic components. Its product portfolio encompasses analog and mixed-signal integrated circuits, power management devices, discrete semiconductors, optoelectronics and a variety of passive components including chip resistors and capacitors.

Rohm’s semiconductor offerings serve applications across automotive, industrial, computing, communications and consumer electronics markets.