Makita Co. (OTCMKTS:MKTAY) Sees Significant Growth in Short Interest

Makita Co. (OTCMKTS:MKTAYGet Rating) was the target of a significant increase in short interest during the month of April. As of April 30th, there was short interest totalling 9,600 shares, an increase of 966.7% from the April 15th total of 900 shares. Based on an average daily volume of 158,700 shares, the days-to-cover ratio is presently 0.1 days.

Separately, Zacks Investment Research raised shares of Makita from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 26th.

Shares of Makita stock opened at $28.92 on Thursday. Makita has a 12-month low of $27.48 and a 12-month high of $65.71. The company has a market cap of $7.85 billion, a price-to-earnings ratio of 13.51 and a beta of 0.93. The company’s 50-day moving average price is $31.05 and its 200-day moving average price is $38.06.

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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