Mazda Motor Co. (OTCMKTS:MZDAY – Get Rating) saw a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 64,500 shares, a decline of 43.7% from the March 15th total of 114,500 shares. Based on an average daily volume of 208,700 shares, the days-to-cover ratio is currently 0.3 days.
Several research analysts recently commented on the company. Zacks Investment Research cut Mazda Motor from a “buy” rating to a “hold” rating in a research note on Tuesday, January 25th. Bank of America raised shares of Mazda Motor from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 2nd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Mazda Motor currently has an average rating of “Hold” and a consensus target price of $4.25.
Shares of MZDAY stock opened at $3.43 on Friday. The firm has a market cap of $4.33 billion, a P/E ratio of 5.44 and a beta of 1.04. Mazda Motor has a 1-year low of $3.03 and a 1-year high of $4.98. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.85 and a quick ratio of 1.37. The firm’s 50-day simple moving average is $3.61 and its 200-day simple moving average is $4.00.
Mazda Motor Corporation engages in the manufacture and sale of passenger cars and commercial vehicles in Japan, North America, Europe, and internationally. Its principal products include four-wheeled vehicles, gasoline reciprocating engines, diesel engines, and automatic and manual transmissions for vehicles.
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