Makita Co. (OTCMKTS:MKTAY) Short Interest Down 77.6% in November

Makita Co. (OTCMKTS:MKTAY) saw a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 3,600 shares, a decline of 77.6% from the October 31st total of 16,100 shares. Based on an average daily volume of 16,900 shares, the days-to-cover ratio is currently 0.2 days.

Makita Stock Performance

OTCMKTS:MKTAY traded down $0.52 during trading hours on Wednesday, reaching $31.22. The stock had a trading volume of 9,968 shares, compared to its average volume of 12,612. The stock has a market cap of $8.40 billion, a P/E ratio of 22.83 and a beta of 0.76. Makita has a 12-month low of $24.59 and a 12-month high of $35.49. The stock has a 50 day simple moving average of $32.13 and a 200 day simple moving average of $30.81.

Makita Company Profile

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.