Short Interest in Makita Corp. (OTCMKTS:MKTAY) Expands By 131.3%

Makita Corp. (OTCMKTS:MKTAY) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 45,372 shares, a growth of 131.3% from the June 15th total of 19,615 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 34,883 shares, the days-to-cover ratio is presently 1.3 days.

Makita Stock Performance

Shares of MKTAY stock traded up $0.41 during mid-day trading on Tuesday, reaching $34.72. 12,957 shares of the company’s stock traded hands, compared to its average volume of 17,869. Makita has a 12 month low of $26.76 and a 12 month high of $41.20. The firm has a 50 day moving average price of $35.63 and a two-hundred day moving average price of $34.77. The firm has a market capitalization of $9.18 billion, a PE ratio of 17.45 and a beta of 0.61.

Makita (OTCMKTS:MKTAY) last announced its earnings results on Tuesday, April 28th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.09. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Makita had a return on equity of 8.14% and a net margin of 10.21%.

Makita Company Profile

Makita Corporation (OTCMKTS:MKTAY) is a global manufacturer of professional and consumer power tools headquartered in Anjō, Aichi Prefecture, Japan. Founded in 1915 as an electric motor sales and repair company, it incorporated as Makita Electric Works, Ltd. in 1958 and has since expanded its product portfolio to serve both industrial and residential markets. The company’s core business activities encompass the design, production and distribution of power tools, outdoor power equipment and accessories.

Makita’s product lineup includes cordless and corded electric drills, drivers, saws, grinders, sanders and rotary hammers, as well as pneumatic and gasoline-powered machinery.