Short Interest in Makita Corp. (OTCMKTS:MKTAY) Increases By 200.0%

Makita Corp. (OTCMKTS:MKTAY) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 20,102 shares, a growth of 200.0% from the July 15th total of 6,700 shares. Based on an average trading volume of 31,313 shares, the short-interest ratio is presently 0.6 days. Currently, 0.0% of the company’s stock are sold short.

Makita Price Performance

Shares of OTCMKTS:MKTAY traded down $0.01 during trading on Thursday, reaching $34.33. 11,896 shares of the stock were exchanged, compared to its average volume of 18,140. Makita has a 1-year low of $26.76 and a 1-year high of $41.20. The stock has a fifty day moving average of $34.95 and a two-hundred day moving average of $35.28. The firm has a market cap of $9.08 billion, a price-to-earnings ratio of 16.75 and a beta of 0.61.

Makita (OTCMKTS:MKTAY) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.05. Makita had a net margin of 10.40% and a return on equity of 8.21%. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.26 billion.

Makita Company Profile

Makita Corporation (OTCMKTS:MKTAY) is a global manufacturer of professional and consumer power tools headquartered in Anj?, Aichi Prefecture, Japan. Founded in 1915 as an electric motor sales and repair company, it incorporated as Makita Electric Works, Ltd. in 1958 and has since expanded its product portfolio to serve both industrial and residential markets. The company’s core business activities encompass the design, production and distribution of power tools, outdoor power equipment and accessories.

Makita’s product lineup includes cordless and corded electric drills, drivers, saws, grinders, sanders and rotary hammers, as well as pneumatic and gasoline-powered machinery.