Shimano Inc. (OTCMKTS:SMNNY) Sees Significant Increase in Short Interest

Shimano Inc. (OTCMKTS:SMNNY) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 5,500 shares, an increase of 129.2% from the February 29th total of 2,400 shares. Based on an average daily trading volume, of 192,400 shares, the short-interest ratio is presently 0.0 days.

Shimano Stock Performance

OTCMKTS SMNNY remained flat at $14.92 during trading hours on Thursday. The company had a trading volume of 61,642 shares, compared to its average volume of 96,650. The business’s 50 day simple moving average is $14.24 and its two-hundred day simple moving average is $14.50. The company has a market cap of $13.43 billion, a PE ratio of 29.84 and a beta of 0.56. Shimano has a 1-year low of $12.85 and a 1-year high of $17.87.

Shimano (OTCMKTS:SMNNY) last posted its earnings results on Tuesday, February 13th. The company reported $0.03 earnings per share (EPS) for the quarter. The company had revenue of $671.09 million during the quarter. Shimano had a return on equity of 10.13% and a net margin of 13.15%.

About Shimano

Shimano Inc develops, produces, and distributes bicycle components, fishing tackles, and rowing equipment. It has operations in Japan, Asia, Europe, North America, Latin America, and Oceania. Shimano Inc was founded in 1921 and is headquartered in Sakai, Japan.