MinebeaMitsumi Inc. (OTCMKTS:MNBEY) Sees Large Increase in Short Interest

MinebeaMitsumi Inc. (OTCMKTS:MNBEY) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 4,300 shares, an increase of 79.2% from the March 15th total of 2,400 shares. Based on an average trading volume of 2,000 shares, the short-interest ratio is currently 2.2 days.

OTCMKTS MNBEY opened at $51.32 on Friday. MinebeaMitsumi has a one year low of $28.90 and a one year high of $54.21. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.58 and a quick ratio of 1.04. The firm has a market cap of $10.96 billion, a P/E ratio of 24.67 and a beta of 1.15. The stock’s 50-day moving average is $51.72 and its 200-day moving average is $43.93.

MinebeaMitsumi (OTCMKTS:MNBEY) last issued its quarterly earnings data on Friday, February 5th. The company reported $0.74 earnings per share (EPS) for the quarter. MinebeaMitsumi had a return on equity of 11.25% and a net margin of 4.92%. The business had revenue of $2.64 billion during the quarter.

About MinebeaMitsumi

MinebeaMitsumi Inc manufactures and supplies machined components, and electronic devices and components in Japan, Europe, the United States, Asia, and internationally. It operates through three segments: Machined Components, Electronic Devices and Components, and MITSUMI Business. The Machined Components segment offers bearing products, including miniature and small sized ball bearings, rod end and spherical bearings, roller bearings, bushings, precision machined parts for aircraft, and medium- and large-sized ball bearings for aerospace use.

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