Short Interest in Murata Manufacturing Inc. (OTCMKTS:MRAAY) Expands By 571.0%

Murata Manufacturing Inc. (OTCMKTS:MRAAY) saw a large increase in short interest in December. As of December 31st, there was short interest totaling 70,414 shares, an increase of 571.0% from the December 15th total of 10,494 shares. Based on an average trading volume of 520,723 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 520,723 shares, the short-interest ratio is currently 0.1 days.

Murata Manufacturing Trading Up 1.4%

Shares of MRAAY traded up $0.14 during mid-day trading on Monday, hitting $10.49. The company’s stock had a trading volume of 193,170 shares, compared to its average volume of 219,340. The company’s 50-day moving average is $10.34 and its 200-day moving average is $9.12. Murata Manufacturing has a 52-week low of $6.24 and a 52-week high of $11.25. The firm has a market capitalization of $38.37 billion, a price-to-earnings ratio of 24.40 and a beta of 0.92.

Murata Manufacturing (OTCMKTS:MRAAY) last issued its quarterly earnings data on Friday, October 31st. The company reported $0.15 earnings per share (EPS) for the quarter. The company had revenue of $3.30 billion for the quarter. Murata Manufacturing had a net margin of 13.40% and a return on equity of 9.16%. As a group, sell-side analysts predict that Murata Manufacturing will post 0.41 earnings per share for the current fiscal 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.