Makita Co. (OTCMKTS:MKTAY) Short Interest Up 371.4% in March

Makita Co. (OTCMKTS:MKTAY) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 3,300 shares, an increase of 371.4% from the February 29th total of 700 shares. Based on an average daily volume of 14,500 shares, the days-to-cover ratio is presently 0.2 days.

Makita Price Performance

MKTAY stock traded up $0.06 during midday trading on Wednesday, reaching $28.05. The company had a trading volume of 4,139 shares, compared to its average volume of 9,529. The company has a market capitalization of $7.55 billion, a price-to-earnings ratio of 22.99 and a beta of 0.76. The stock has a 50 day moving average price of $26.55 and a 200-day moving average price of $26.15. Makita has a 1-year low of $22.98 and a 1-year high of $31.88.

Makita (OTCMKTS:MKTAY) last released its earnings results on Wednesday, January 31st. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.05. The firm had revenue of $1.23 billion for the quarter. Makita had a return on equity of 5.63% and a net margin of 6.21%. As a group, research analysts anticipate that Makita will post 1.04 earnings per share for the current year.

Makita Company Profile

Makita Corporation engages in the manufacture and sale of electric power tools, pneumatic tools, and gardening and household equipment in Japan, Europe, North America, Asia, Australia, Brazil, and the United Arab Emirates. It offers cordless, drilling/fastening, impact drilling/demolition, grinding/sanding, sawing, planning/routering, pneumatic, outdoor power, and dust extraction/other equipment, as well as accessories; and cutting equipment for new materials, masonry, and metals.