Rohm Co. (OTCMKTS:ROHCY) Short Interest Update

Rohm Co. (OTCMKTS:ROHCY) was the recipient of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 15,290 shares, a growth of 171.7% from the May 14th total of 5,628 shares. Based on an average daily trading volume, of 12,790 shares, the short-interest ratio is presently 1.2 days. Approximately 0.0% of the shares of the company are short sold.

Analysts Set New Price Targets

Several research analysts have weighed in on ROHCY shares. The Goldman Sachs Group raised Rohm to a “buy” rating in a research report on Monday. Zacks Research upgraded shares of Rohm to a “hold” rating in a research report on Wednesday, April 8th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Rohm presently has a consensus rating of “Moderate Buy”.

Rohm Price Performance

OTCMKTS:ROHCY remained flat at $29.75 on Friday. 663 shares of the company’s stock were exchanged, compared to its average volume of 4,416. The firm has a market capitalization of $11.48 billion, a price-to-earnings ratio of -11.27 and a beta of 1.30. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.30 and a current ratio of 3.34. The company has a 50 day moving average of $25.98 and a two-hundred day moving average of $19.80. Rohm has a 12-month low of $11.18 and a 12-month high of $34.30.

Rohm (OTCMKTS:ROHCY) last released its quarterly earnings data on Tuesday, May 12th. The technology company reported $0.40 earnings per share for the quarter. The business had revenue of $711.55 million during the quarter, compared to analyst estimates of $704.12 million. Rohm had a negative net margin of 31.42% and a positive return on equity of 3.39%. As a group, sell-side analysts predict 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.