Rohm Co. (OTCMKTS:ROHCY) Short Interest Down 57.7% in June

Rohm Co. (OTCMKTS:ROHCY) was the recipient of a large decrease in short interest in June. As of June 15th, there was short interest totaling 6,471 shares, a decrease of 57.7% from the May 31st total of 15,290 shares. Based on an average daily trading volume, of 5,371 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Zacks Research upgraded Rohm to a “hold” rating in a report on Wednesday, April 8th. The Goldman Sachs Group upgraded Rohm to a “buy” rating in a research report on Monday, June 8th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Rohm Stock Up 1.6%

Shares of ROHCY stock traded up $0.52 on Tuesday, hitting $33.58. The company’s stock had a trading volume of 3,806 shares, compared to its average volume of 3,505. Rohm has a fifty-two week low of $12.50 and a fifty-two week high of $36.52. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.79 and a quick ratio of 2.77. The stock has a market capitalization of $12.96 billion, a price-to-earnings ratio of -12.72 and a beta of 1.29. The firm’s fifty day moving average price is $28.39 and its 200-day moving average price is $21.43.

Rohm (OTCMKTS:ROHCY) last released its earnings results on Tuesday, May 12th. The technology company reported $0.40 earnings per share (EPS) for the quarter. Rohm had a positive return on equity of 3.55% and a negative net margin of 31.42%.The firm had revenue of $711.55 million for the quarter, compared to analysts’ expectations of $704.12 million. Research analysts anticipate that Rohm will post 0.64 EPS for the current year.

About Rohm

Rohm Co, Ltd., trading in the U.S. as OTCMKTS:ROHCY, is a Japanese semiconductor manufacturer headquartered in Kyoto, Japan. Established in 1958, the company specializes in the design, development and manufacture of a wide range of electronic components. Its product portfolio encompasses analog and mixed-signal integrated circuits, power management devices, discrete semiconductors, optoelectronics and a variety of passive components including chip resistors and capacitors.

Rohm’s semiconductor offerings serve applications across automotive, industrial, computing, communications and consumer electronics markets.