ROHM Co., Ltd. (OTCMKTS:ROHCY) Sees Large Decline in Short Interest

ROHM Co., Ltd. (OTCMKTS:ROHCY) saw a large drop in short interest in March. As of March 15th, there was short interest totalling 9,200 shares, a drop of 13.2% from the February 28th total of 10,600 shares. Based on an average daily trading volume, of 23,500 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the shares of the company are short sold.

Analyst Ratings Changes

A number of analysts have recently commented on ROHCY shares. Macquarie upgraded shares of ROHM from a “strong sell” rating to a “hold” rating in a research note on Monday, March 17th. The Goldman Sachs Group downgraded shares of ROHM from a “strong-buy” rating to a “hold” rating in a research report on Monday.

ROHM Stock Performance

Shares of OTCMKTS ROHCY traded down $0.15 during midday trading on Thursday, hitting $9.39. 1,617 shares of the company’s stock traded hands, compared to its average volume of 19,320. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.73 and a quick ratio of 1.79. The firm has a fifty day moving average of $10.11 and a 200 day moving average of $10.14. ROHM has a 1 year low of $8.79 and a 1 year high of $16.35.

ROHM (OTCMKTS:ROHCY) last posted its quarterly earnings results on Monday, February 3rd. The technology company reported ($0.03) earnings per share for the quarter.

ROHM Company Profile

ROHM Co, Ltd. manufactures and sells electronic components worldwide. The company operates through three segments: LSI, Semiconductor Devices, and Modules. It provides ICs comprising memory, amplifiers and linear, power management, motor/actuator drivers, resistors, clocks and timers, switches and multiplexers, logic, data converters, sensors and MEMS, display drivers, interfaces, wireless LSIs, audio and video products, speech synthesis LSI, and microcontrollers.