Short Interest in Makita Corp. (OTCMKTS:MKTAY) Increases By 200.0%

Makita Corp. (OTCMKTS:MKTAY) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 20,102 shares, a growth of 200.0% from the July 15th total of 6,700 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 31,313 shares, the days-to-cover ratio is presently 0.6 days.

Makita Price Performance

Shares of MKTAY stock traded down $0.01 on Thursday, hitting $34.33. The stock had a trading volume of 11,896 shares, compared to its average volume of 18,140. The business has a 50 day moving average of $34.95 and a 200 day moving average of $35.28. Makita has a 12-month low of $26.76 and a 12-month high of $41.20. The stock has a market cap of $9.08 billion, a price-to-earnings ratio of 16.75 and a beta of 0.61.

Makita (OTCMKTS:MKTAY) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.05. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.26 billion. Makita had a net margin of 10.40% and a return on equity of 8.21%.

About Makita

Makita Corporation (OTCMKTS:MKTAY) is a global manufacturer of professional and consumer power tools headquartered in Anjō, Aichi Prefecture, Japan. Founded in 1915 as an electric motor sales and repair company, it incorporated as Makita Electric Works, Ltd. in 1958 and has since expanded its product portfolio to serve both industrial and residential markets. The company’s core business activities encompass the design, production and distribution of power tools, outdoor power equipment and accessories.

Makita’s product lineup includes cordless and corded electric drills, drivers, saws, grinders, sanders and rotary hammers, as well as pneumatic and gasoline-powered machinery.