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

Shimano Inc. (OTCMKTS:SMNNY - Get Free Report) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 75,800 shares, an increase of 158.7% from the March 15th total of 29,300 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 194,500 shares, the short-interest ratio is currently 0.4 days.

Shimano Stock Performance

Shares of SMNNY traded down $0.04 during trading hours on Friday, reaching $13.97. 516,858 shares of the company traded hands, compared to its average volume of 291,121. The stock's fifty day moving average is $14.12 and its 200 day moving average is $14.23. Shimano has a 1-year low of $12.55 and a 1-year high of $19.69. The stock has a market cap of $12.45 billion, a P/E ratio of 24.95 and a beta of 0.64.

Shimano (OTCMKTS:SMNNY - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.26 EPS for the quarter. Shimano had a return on equity of 9.02% and a net margin of 16.84%.

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.