What’s MONOTARO CO LTD. OSAKA UNSPONSORED ADR (OTCMKTS:MONOY) Upside After This Short Interest Increase?

MonotaRO Co., Ltd. (OTCMKTS:MONOY) Logo

The stock of MONOTARO CO LTD. OSAKA UNSPONSORED ADR (OTCMKTS:MONOY) registered an increase of 50% in short interest. MONOY’s total short interest was 3,000 shares in March as published by FINRA. Its up 50% from 2,000 shares, reported previously. With 17,900 shares average volume, it will take short sellers 0 days to cover their MONOY’s short positions.

The stock increased 1.61% or $0.37 during the last trading session, reaching $23.41. About 49,419 shares traded or 59.49% up from the average. MonotaRO Co., Ltd. (OTCMKTS:MONOY) has 0.00% since March 17, 2018 and is . It has underperformed by 4.37% the S&P500.

MonotaRO Co., Ltd., together with its subsidiaries, imports and sells MRO products in Japan and internationally. The company has market cap of $5.87 billion. It offers products in various categories, such as health and safety protection equipment/signs; office tapes and cleaning supplies; logistics and packing goods; cutting tools; abrasive materials; measurement and surveying equipment; work, electric, and pneumatic tools; and spray oil, grease, adhesion, and repair welding supplies. It has a 68.25 P/E ratio. The firm also provides pneumatic and hydraulic equipment, and hoses; bearings, machine parts, and casters; electrical materials, control equipment, and ESD protection equipment; building hardware, building materials, and painting interior goods; pump, piping, and water circulation equipment, as well as electrical installation services; screws, bolts, nails, and materials; automotive and truck equipment; bike and bicycle accessories; scientific research and development articles; kitchen equipment; agricultural materials and garden products; and medical and nursing care products.

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