MonotaRO Co., Ltd. (OTCMKTS:MONOY) Sees Large Decline in Short Interest

MonotaRO Co., Ltd. (OTCMKTS:MONOY) saw a significant drop in short interest in August. As of August 31st, there was short interest totalling 22,000 shares, a drop of 21.7% from the August 15th total of 28,100 shares. Based on an average trading volume of 31,700 shares, the days-to-cover ratio is currently 0.7 days.

Separately, Zacks Investment Research upgraded MonotaRO from a “sell” rating to a “hold” rating in a research report on Thursday, July 1st.

MonotaRO stock opened at $23.16 on Wednesday. The stock has a market capitalization of $11.61 billion, a PE ratio of 77.20 and a beta of 0.23. MonotaRO has a 12 month low of $20.83 and a 12 month high of $32.84. The business has a 50 day simple moving average of $22.64 and a 200-day simple moving average of $30.02. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.41 and a quick ratio of 1.88.

About MonotaRO

MonotaRO Co, Ltd. engages in the sale of maintenance, repair, and operation (MRO) supplies through e-commerce. Its products include cutting tools, bearings, fasteners, industrial equipment, and safety devices. The company was founded by Kinya Seto on October 19, 2000 and is headquartered in Amagasaki, Japan.

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