Short Interest in Murata Manufacturing Inc. (OTCMKTS:MRAAY) Drops By 44.6%

Murata Manufacturing Inc. (OTCMKTS:MRAAY) was the recipient of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 111,690 shares, a decline of 44.6% from the June 30th total of 201,648 shares. Based on an average daily volume of 1,694,343 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Citigroup raised shares of Murata Manufacturing from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 29th. Zacks Research upgraded shares of Murata Manufacturing to a “hold” rating in a research note on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy”.

Murata Manufacturing Stock Performance

Shares of MRAAY stock traded down $0.65 on Friday, hitting $22.48. The company’s stock had a trading volume of 341,760 shares, compared to its average volume of 592,726. The stock’s 50 day moving average is $29.46 and its 200-day moving average is $18.78. Murata Manufacturing has a fifty-two week low of $7.39 and a fifty-two week high of $38.72. The company has a market capitalization of $82.19 billion, a PE ratio of 53.52 and a beta of 1.57.

Murata Manufacturing (OTCMKTS:MRAAY) last released its quarterly earnings results on Friday, July 31st. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. Murata Manufacturing had a net margin of 12.80% and a return on equity of 8.97%. Murata Manufacturing has set its FY 2026 guidance at 0.583-0.583 EPS. On average, research analysts forecast that Murata Manufacturing will post 0.55 earnings per share for the current year.

About Murata Manufacturing

Murata Manufacturing Co, Ltd. is a Japan-based manufacturer of electronic components and modules, best known for its development and production of ceramic components. Founded in 1944 by Akira Murata and headquartered in Nagaokakyo, Kyoto Prefecture, the company has grown into a leading global supplier of multilayer ceramic capacitors (MLCCs), ceramic resonators, and a broad range of passive and active electronic parts used across consumer, industrial and automotive electronics.

The company’s product portfolio encompasses passive components (such as capacitors, inductors and filters), sensors and sensing modules, power modules, and RF/wireless communication modules.