Short Interest in Makita Co. (OTCMKTS:MKTAY) Rises By 360.0%

Makita Co. (OTCMKTS:MKTAYGet Rating) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totalling 18,400 shares, a growth of 360.0% from the March 15th total of 4,000 shares. Based on an average daily trading volume, of 57,200 shares, the days-to-cover ratio is currently 0.3 days.

Shares of OTCMKTS MKTAY opened at $29.16 on Friday. Makita has a twelve month low of $29.05 and a twelve month high of $65.71. The stock has a fifty day simple moving average of $33.38 and a 200-day simple moving average of $41.04. The stock has a market capitalization of $7.92 billion, a PE ratio of 13.02 and a beta of 0.94.

Makita (OTCMKTS:MKTAYGet Rating) last issued its quarterly earnings data on Monday, January 31st. The company reported $0.44 earnings per share for the quarter. Makita had a return on equity of 9.75% and a net margin of 9.33%. The business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.58 billion. As a group, analysts expect that Makita will post 2.13 EPS for the current year.

Makita Company Profile (Get Rating)

Makita Corporation engages in the manufacture and sale of electric power tools, pneumatic tools, and gardening and household equipment in Japan, Europe, North America, rest of Asia, Central and South America, Oceania, and the Middle East and Africa. It offers cordless, drilling/fastening, impact drilling/demolition, grinding/sanding, sawing, planning/routering, pneumatic, outdoor power, and dust extraction/other equipment, as well as accessories; and cutting equipment for new materials, masonry, and metals.

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