Short Interest in Shimano Inc. (OTCMKTS:SMNNY) Drops By 21.5%

Shimano Inc. (OTCMKTS:SMNNYGet Free Report) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totalling 100,600 shares, a drop of 21.5% from the December 31st total of 128,200 shares. Based on an average daily trading volume, of 379,800 shares, the days-to-cover ratio is presently 0.3 days.

Shimano Price Performance

SMNNY stock opened at $14.30 on Friday. The firm has a market cap of $12.74 billion, a price-to-earnings ratio of 46.11 and a beta of 0.60. Shimano has a 1-year low of $12.55 and a 1-year high of $19.69. The firm has a fifty day moving average price of $13.61 and a two-hundred day moving average price of $15.76.

Shimano (OTCMKTS:SMNNYGet Free Report) last issued its earnings results on Tuesday, October 29th. The company reported ($0.02) EPS for the quarter. The company had revenue of $793.02 million during the quarter. Shimano had a net margin of 9.65% and a return on equity of 5.14%.

About Shimano

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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.

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