Short Interest in Makita Co. (OTCMKTS:MKTAY) Decreases By 74.6%

Makita Co. (OTCMKTS:MKTAY) was the target of a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 3,300 shares, a decrease of 74.6% from the January 31st total of 13,000 shares. Based on an average daily volume of 36,800 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, UBS Group upgraded shares of Makita from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 30th.

Makita Price Performance

OTCMKTS MKTAY opened at $32.64 on Friday. Makita has a 12 month low of $25.54 and a 12 month high of $35.49. The company has a market capitalization of $8.78 billion, a price-to-earnings ratio of 19.55 and a beta of 0.74. The company’s fifty day moving average price is $30.22 and its two-hundred day moving average price is $31.41.

Makita (OTCMKTS:MKTAY) last posted its quarterly earnings data on Wednesday, January 29th. The company reported $0.58 EPS for the quarter. Makita had a net margin of 9.09% and a return on equity of 7.52%. As a group, analysts anticipate that Makita will post 1.56 EPS for the current year.

About Makita

Makita Corporation engages in the manufacture and sale of electric power tools, pneumatic tools, and gardening and household equipment in Japan, Europe, North America, Asia, Australia, Brazil, and the United Arab Emirates. It offers cordless, drilling/fastening, impact drilling/demolition, grinding/sanding, sawing, planning/routering, pneumatic, outdoor power, and dust extraction/other equipment, as well as accessories; and cutting equipment for new materials, masonry, and metals.