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

Shimano Inc. (OTCMKTS:SMNNY - Get Free Report) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 29,300 shares, a growth of 59.2% from the February 28th total of 18,400 shares. Approximately 0.0% of the company's stock are short sold. Based on an average daily volume of 363,100 shares, the short-interest ratio is presently 0.1 days.

Shimano Stock Down 2.1 %

Shares of SMNNY traded down $0.29 during mid-day trading on Wednesday, hitting $13.76. The stock had a trading volume of 119,199 shares, compared to its average volume of 191,852. Shimano has a fifty-two week low of $12.55 and a fifty-two week high of $19.69. The company has a market cap of $12.26 billion, a PE ratio of 24.57 and a beta of 0.58. The company's fifty day simple moving average is $14.05 and its two-hundred day simple moving average is $14.59.

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

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.