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

Shimano Inc. (OTCMKTS:SMNNY) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 128,200 shares, an increase of 18,214.3% from the December 15th total of 700 shares. Based on an average daily volume of 463,900 shares, the short-interest ratio is currently 0.3 days.

Shimano Price Performance

Shares of OTCMKTS:SMNNY opened at $12.78 on Tuesday. The business’s fifty day moving average price is $13.71 and its two-hundred day moving average price is $15.91. Shimano has a fifty-two week low of $12.55 and a fifty-two week high of $19.69. The stock has a market capitalization of $11.39 billion, a price-to-earnings ratio of 41.21 and a beta of 0.60.

Shimano Company Profile

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.