Monotaro (OTCMKTS:MONOY) Short Interest Down 65.9% in August

Monotaro (OTCMKTS:MONOY) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 1,500 shares, a decrease of 65.9% from the August 15th total of 4,400 shares. Based on an average daily trading volume, of 56,800 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 56,800 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group upgraded shares of Monotaro from an “underperform” rating to a “hold” rating in a research report on Friday, June 13th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Monotaro currently has a consensus rating of “Hold”.

Monotaro Stock Performance

Monotaro stock opened at $15.79 on Friday. The business’s 50-day simple moving average is $18.06 and its 200 day simple moving average is $18.81. The company has a current ratio of 2.68, a quick ratio of 2.08 and a debt-to-equity ratio of 0.01. Monotaro has a 12-month low of $14.52 and a 12-month high of $21.63.

Monotaro (OTCMKTS:MONOY) last released its earnings results on Thursday, July 31st. The company reported $0.11 earnings per share (EPS) for the quarter. The company had revenue of $561.57 million for the quarter, compared to the consensus estimate of $567.49 million. Monotaro had a net margin of 9.36% and a return on equity of 35.15%. On average, equities analysts predict that Monotaro will post 0.4 EPS for the current fiscal year.

About Monotaro

MonotaRO Co, Ltd., together with its subsidiaries, operates an online MRO products store in Japan and internationally. The company offers safety protective equipment, work clothes, and safety shoes; logistics, storage, and packing supplies; tapes; safety, disaster prevention, and crime prevention products; safety signs; ship and fishing supplies; office supplies; office furniture/lighting/cleaning supplies; cutting tools and abrasives; measurement and surveying equipment; hand tools/electric and pneumatic tools; sprays, oils, greases, and paints; adhesives and repair materials; welding supplies; and piping and water related components/pumps/pneumatic and hydraulic equipment/hoses.