Rohm Co. (OTCMKTS:ROHCY) Short Interest Update

Rohm Co. (OTCMKTS:ROHCY) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 15,290 shares, a growth of 171.7% from the May 14th total of 5,628 shares. Based on an average trading volume of 12,790 shares, the short-interest ratio is presently 1.2 days. Currently, 0.0% of the company’s stock are sold short.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ROHCY. The Goldman Sachs Group raised Rohm to a “buy” rating in a research report on Monday. Zacks Research upgraded shares of Rohm to a “hold” rating in a research note on Wednesday, April 8th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Rohm Stock Performance

Shares of Rohm stock remained flat at $29.75 on Friday. The stock had a trading volume of 663 shares, compared to its average volume of 4,416. Rohm has a 12-month low of $11.18 and a 12-month high of $34.30. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.34 and a quick ratio of 2.30. The stock’s 50-day simple moving average is $25.98 and its 200 day simple moving average is $19.80. The firm has a market capitalization of $11.48 billion, a PE ratio of -11.27 and a beta of 1.30.

Rohm (OTCMKTS:ROHCY) last announced its quarterly earnings results on Tuesday, May 12th. The technology company reported $0.40 earnings per share (EPS) for the quarter. The business had revenue of $711.55 million during the quarter, compared to the consensus estimate of $704.12 million. Rohm had a positive return on equity of 3.39% and a negative net margin of 31.42%. Equities analysts anticipate that Rohm will post 0.64 earnings per share for the current year.

About Rohm

Rohm Co, Ltd., trading in the U.S. as OTCMKTS:ROHCY, is a Japanese semiconductor manufacturer headquartered in Kyoto, Japan. Established in 1958, the company specializes in the design, development and manufacture of a wide range of electronic components. Its product portfolio encompasses analog and mixed-signal integrated circuits, power management devices, discrete semiconductors, optoelectronics and a variety of passive components including chip resistors and capacitors.

Rohm’s semiconductor offerings serve applications across automotive, industrial, computing, communications and consumer electronics markets.