Short Interest in Yamaha Co. (OTCMKTS:YAMCY) Drops By 73.2%

Yamaha Co. (OTCMKTS:YAMCY) was the target of a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 2,200 shares, a drop of 73.2% from the January 15th total of 8,200 shares. Based on an average daily trading volume, of 32,000 shares, the days-to-cover ratio is currently 0.1 days.

Yamaha Trading Up 3.5 %

OTCMKTS YAMCY opened at $7.27 on Friday. Yamaha has a fifty-two week low of $6.02 and a fifty-two week high of $9.03. The stock has a 50 day simple moving average of $6.95 and a two-hundred day simple moving average of $12.51.

Yamaha Company Profile

Yamaha Corporation, together with its subsidiaries, engages in the musical instruments, audio equipment, and other businesses in Japan and internationally. It manufactures and sells pianos; guitars; keyboards; strings; basses and amps; brass and woodwinds; marching instruments; drums; percussion instruments; music production tools; audio and visual products; and professional audio equipment under the Bösendorfer, Steinberg, Line 6, Ampeg, and Nexo brands.