Monotaro (OTCMKTS:MONOY) Sees Large Growth in Short Interest

Monotaro (OTCMKTS:MONOY) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 15,324 shares, an increase of 4,734.1% from the June 30th total of 317 shares. Based on an average trading volume of 138,298 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Monotaro Trading Up 0.8%

Shares of Monotaro stock opened at $11.38 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.30 and a quick ratio of 1.88. The business has a fifty day simple moving average of $11.60 and a two-hundred day simple moving average of $12.26. Monotaro has a 1 year low of $10.26 and a 1 year high of $19.29. The company has a market capitalization of $5.65 billion, a price-to-earnings ratio of 25.29 and a beta of 1.10.

Monotaro Company Profile

Monotaro Co, Ltd., trading on the OTC Market under the symbol MONOY, is a Japan-based e-commerce platform specializing in maintenance, repair and operations (MRO) supplies. Founded in 2000 as a subsidiary of IT Holdings Co, the company offers a broad assortment of industrial products including tools, safety gear, fasteners, electrical components and work-site consumables tailored to small and medium-sized enterprises, contractors and facility managers.

Through its online marketplaces in Japan and a regional subsidiary in Singapore, Monotaro provides access to several million stock-keeping units (SKUs), supported by streamlined procurement processes, competitive pricing and logistics capabilities designed to deliver same- or next-day shipment.