Rohm Co. (OTCMKTS:ROHCY) Short Interest Update

Rohm Co. (OTCMKTS:ROHCY) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 8,503 shares, a growth of 55.6% from the July 15th total of 5,465 shares. Based on an average daily trading volume, of 15,075 shares, the short-interest ratio is presently 0.6 days. Approximately 0.0% of the shares of the company are sold short.

Rohm Stock Performance

Shares of ROHCY stock opened at $32.50 on Tuesday. The stock has a market cap of $12.55 billion, a PE ratio of -12.65 and a beta of 1.32. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.77 and a current ratio of 3.79. Rohm has a 1 year low of $12.62 and a 1 year high of $36.52. The stock has a fifty day moving average price of $30.91 and a 200 day moving average price of $25.26.

Rohm (OTCMKTS:ROHCY) last announced its earnings results on Wednesday, August 5th. The technology company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). Rohm had a positive return on equity of 4.23% and a negative net margin of 29.85%.The business had revenue of $851.76 million for the quarter, compared to analyst estimates of $813.37 million. Sell-side analysts forecast that Rohm will post 0.81 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded Rohm to a “buy” rating in a research report on Monday, June 8th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Rohm Company Profile

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.