Monotaro (OTCMKTS:MONOY) Sees Large Decrease in Short Interest

Monotaro (OTCMKTS:MONOY) was the recipient of a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 1,105 shares, a decline of 67.6% from the October 15th total of 3,412 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 95,038 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

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

Monotaro Price Performance

OTCMKTS MONOY traded up $0.25 during trading hours on Friday, hitting $15.17. 6,519 shares of the company’s stock traded hands, compared to its average volume of 116,930. Monotaro has a 52-week low of $10.26 and a 52-week high of $16.76. The company has a market capitalization of $7.53 billion, a PE ratio of 32.28 and a beta of 1.16. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.69 and a quick ratio of 2.06. The firm’s 50-day moving average is $13.52 and its 200-day moving average is $12.34.

Monotaro (OTCMKTS:MONOY) last released its earnings results on Wednesday, November 4th. The company reported $0.12 earnings per share for the quarter. Monotaro had a net margin of 9.71% and a return on equity of 30.25%. The business had revenue of $590.93 million for the quarter, compared to analyst estimates of $592.21 million. Equities analysts forecast that Monotaro will post 0.48 EPS for the current fiscal year.

About Monotaro

MonotaRO Co., Ltd. operates an e-commerce business that supplies maintenance, repair and operations (MRO) products and other indirect materials to businesses. Its online store offers products such as tools, machine parts, safety equipment, automotive maintenance supplies and workplace items. The company serves customers across a range of industries, including manufacturing, construction and automotive services, primarily in Japan. Its online sales model helps businesses source a broad range of supplies through a single platform.