Murata Manufacturing Co., Ltd. (OTCMKTS:MRAAY) Sees Significant Decrease in Short Interest

Murata Manufacturing Co., Ltd. (OTCMKTS:MRAAY) saw a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 35,300 shares, a decline of 58.3% from the February 29th total of 84,600 shares. Based on an average daily volume of 384,600 shares, the days-to-cover ratio is presently 0.1 days.

Murata Manufacturing Trading Down 0.7 %

MRAAY traded down $0.07 on Thursday, hitting $9.33. 233,906 shares of the stock traded hands, compared to its average volume of 258,330. The business has a fifty day moving average price of $9.93 and a two-hundred day moving average price of $9.68. Murata Manufacturing has a 52 week low of $8.08 and a 52 week high of $10.76. The firm has a market capitalization of $37.83 billion, a PE ratio of 22.76 and a beta of 0.89.

Murata Manufacturing (OTCMKTS:MRAAY) last issued its earnings results on Friday, February 2nd. The company reported $0.09 EPS for the quarter. Murata Manufacturing had a return on equity of 8.80% and a net margin of 13.53%. The business had revenue of $2.98 billion during the quarter.

About Murata Manufacturing

Murata Manufacturing Co, Ltd. designs, manufactures, and sells ceramic-based passive electronic components and solutions in Japan and internationally. It operates through Components, Devices and Modules, and Others segments. The company offers capacitors, inductors, noise suppression products/EMI suppression filters/ESD protection devices, resistors, thermistors, sensors, timing devices, quartz devices, sound components, power products, batteries, micro mechatronics, RFID product, baluns, couplers, filters, phase shifters, RF switches, front-end modules, SAW components, connectors, antennas, connectivity modules, wireless connectivity platforms, ionizers/active oxygen modules, and transformers.