Short Interest in Makita Corp. (OTCMKTS:MKTAY) Declines By 86.7%

Makita Corp. (OTCMKTS:MKTAY - Get Free Report) saw a large drop in short interest in September. As of September 30th, there was short interest totaling 1,800 shares, a drop of 86.7% from the September 15th total of 13,500 shares. Based on an average daily volume of 56,000 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 56,000 shares, the short-interest ratio is currently 0.0 days.Wall Street Analyst Weigh InSeparately, Wall Street Zen upgraded shares of Makita from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy".Read Our Latest Stock Analysis on MKTAYMakita Stock Up 1.8%Shares of MKTAY traded up $0.59 during mid-day trading on Friday, reaching $32.23. The company's stock had a trading volume of 32,126 shares, compared to its average volume of 16,923. The company has a market cap of $8.67 billion, a price-to-earnings ratio of 15.64 and a beta of 0.59. The business has a fifty day moving average of $33.72 and a 200 day moving average of $31.45. Makita has a 1 year low of $25.56 and a 1 year high of $39.05. Makita (OTCMKTS:MKTAY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.12. Makita had a return on equity of 9.00% and a net margin of 11.07%.The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $187.49 billion. On average, analysts predict that Makita will post 1.56 earnings per share for the current year. About Makita (Get Free Report)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.Further ReadingFive stocks we like better than MakitaHow to Calculate Return on Investment (ROI)Microsoft & NVIDIA Unveil GB300 Supercomputer as AI Race Heats UpStocks with Unusual Volume: How to Find Unusual Volume Stocks in Real TimeThis Less-Hyped Tech Stock Could Be the Key to the Next AI WaveShould You Add These Warren Buffett Stocks to Your Portfolio?Prologis Stock Surges: Why the Rally May ContinueThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Makita Right Now?Before you consider Makita, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Makita wasn't on the list.While Makita currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here