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

Shimano Inc. (OTCMKTS:SMNNY - Get Free Report) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 13,200 shares, a decline of 67.3% from the September 30th total of 40,400 shares. Based on an average daily trading volume, of 76,900 shares, the days-to-cover ratio is currently 0.2 days.

Shimano Stock Down 1.2 %

Shares of SMNNY stock traded down $0.18 on Friday, reaching $15.14. 33,994 shares of the stock were exchanged, compared to its average volume of 64,770. The stock has a market cap of $13.60 billion, a P/E ratio of 29.69 and a beta of 0.59. The firm has a 50 day moving average of $17.77 and a two-hundred day moving average of $16.81. Shimano has a 1-year low of $13.20 and a 1-year high of $19.69.

Shimano (OTCMKTS:SMNNY - Get Free Report) last posted its earnings results on Tuesday, July 30th. The company reported $0.14 earnings per share for the quarter. Shimano had a net margin of 12.62% and a return on equity of 8.74%. The business had revenue of $746.22 million for the quarter.

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.