Shimano Inc. (OTCMKTS:SMNNY) Short Interest Down 67.3% in October

by · The Markets Daily

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

Shimano Price Performance

Shares of SMNNY stock traded down $0.18 during trading on Friday, reaching $15.14. The company had a trading volume of 33,994 shares, compared to its average volume of 64,770. The firm’s 50 day simple moving average is $17.70 and its two-hundred day simple moving average is $16.82. Shimano has a one year low of $13.20 and a one year high of $19.69. The company has a market capitalization of $13.60 billion, a PE ratio of 29.69 and a beta of 0.59.

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

Shimano Company Profile

(Get Free Report)

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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