Makita Corp. (OTCMKTS:MKTAY) Short Interest Update

Makita Corp. (OTCMKTS:MKTAY) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 5,853 shares, an increase of 73.3% from the August 15th total of 3,378 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 42,082 shares, the days-to-cover ratio is presently 0.1 days.

Makita Trading Up 1.6%

OTCMKTS:MKTAY opened at $34.48 on Friday. The firm’s fifty day simple moving average is $33.86 and its 200 day simple moving average is $34.63. The firm has a market capitalization of $9.12 billion, a price-to-earnings ratio of 16.82 and a beta of 0.60. Makita has a twelve month low of $26.76 and a twelve month high of $41.20.

Makita (OTCMKTS:MKTAY) last issued its earnings results on Wednesday, July 29th. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.05. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.26 billion. Makita had a return on equity of 8.23% and a net margin of 10.40%.

Makita Company Profile

Makita Corporation is a Japanese manufacturer of professional power tools and related equipment. Founded in 1915, the company initially provided electric motor repair and sales services before expanding into the manufacture of power tools. Makita is headquartered in Anjo, Aichi, Japan.

The company’s product portfolio includes cordless and corded power tools such as drills, impact drivers, saws, grinders, sanders and planers. Makita also produces outdoor power equipment, including lawn mowers, trimmers, blowers and chainsaws, as well as pneumatic tools, accessories, batteries and chargers.

Makita serves construction, woodworking, landscaping, manufacturing and other professional markets.