Monotaro (OTCMKTS:MONOY) Shares Shorted: Short Interest Down 67.6% in October

Monotaro (OTCMKTS:MONOY) was the recipient of a large drop in short interest in the month of October. As of October 30th, there was short interest totaling 1,105 shares, a drop of 67.6% from the October 15th total of 3,412 shares. Based on an average trading volume of 95,038 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised Monotaro from a “hold” rating to a “buy” rating in a report on Thursday, October 1st. One analyst has rated the stock with a Buy rating. According to MarketBeat, Monotaro presently has an average rating of “Buy”.

Monotaro Price Performance

MONOY traded up $0.25 during midday trading on Friday, hitting $15.17. 6,519 shares of the company traded hands, compared to its average volume of 116,930. The business has a 50 day simple moving average of $13.52 and a two-hundred day simple moving average of $12.34. Monotaro has a 52-week low of $10.26 and a 52-week high of $16.76. The company has a market capitalization of $7.53 billion, a price-to-earnings ratio of 32.28 and a beta of 1.16. The company has a current ratio of 2.69, a quick ratio of 2.06 and a debt-to-equity ratio of 0.17.

Monotaro (OTCMKTS:MONOY) last released its earnings results on Wednesday, November 4th. The company reported $0.12 EPS for the quarter. The business had revenue of $590.93 million during the quarter, compared to analysts’ expectations of $592.21 million. Monotaro had a net margin of 9.71% and a return on equity of 30.25%. On average, equities analysts forecast that Monotaro will post 0.48 earnings per share for the current fiscal year.

Monotaro Company Profile

MonotaRO Co., Ltd. operates an e-commerce business that supplies maintenance, repair and operations (MRO) products and other indirect materials to businesses. Its online store offers products such as tools, machine parts, safety equipment, automotive maintenance supplies and workplace items. The company serves customers across a range of industries, including manufacturing, construction and automotive services, primarily in Japan. Its online sales model helps businesses source a broad range of supplies through a single platform.