Murata Manufacturing Inc. (OTCMKTS:MRAAY) Stock Short Interest Rises 193.9%

Murata Manufacturing Inc. (OTCMKTS:MRAAY) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 697,955 shares, an increase of 193.9% from the September 15th total of 237,465 shares. Based on an average daily volume of 1,671,698 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on MRAAY shares. Citigroup upgraded shares of Murata Manufacturing from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 29th. Sanford C. Bernstein initiated coverage on shares of Murata Manufacturing in a research report on Tuesday, September 15th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Murata Manufacturing Trading Down 2.9%

Shares of OTCMKTS MRAAY traded down $0.72 during midday trading on Tuesday, reaching $23.91. 281,478 shares of the company were exchanged, compared to its average volume of 603,850. Murata Manufacturing has a 1 year low of $8.92 and a 1 year high of $38.72. The stock has a fifty day simple moving average of $24.26 and a 200 day simple moving average of $23.54. The stock has a market cap of $87.43 billion, a P/E ratio of 50.87 and a beta of 1.66.

Murata Manufacturing (OTCMKTS:MRAAY) last posted its quarterly earnings data on Friday, July 31st. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. Murata Manufacturing had a return on equity of 9.84% and a net margin of 13.86%. The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $2.97 billion. Murata Manufacturing has set its FY 2026 guidance at 0.583-0.583 EPS. As a group, analysts forecast that Murata Manufacturing will post 0.69 earnings per share for the current year.

About Murata Manufacturing

Murata Manufacturing Co, Ltd. is a Japan-based manufacturer of electronic components and materials. The company develops and produces components used in smartphones, communications equipment, automobiles, computers, industrial systems, healthcare devices and other electronic products.

Its product portfolio includes multilayer ceramic capacitors, inductors, filters, resonators, sensors, timing devices, power-related components, batteries and wireless connectivity modules. Murata also provides component-related technologies and modules designed for applications such as radio-frequency communications, automotive electronics, Internet of Things devices and energy management.

Founded in Kyoto in 1944, Murata has expanded into a global business serving customers through manufacturing, research and development, sales and distribution operations across Japan, the Americas, Europe and Asia.