Short Interest in Shimano Inc. (OTCMKTS:SMNNY) Drops By 67.3%

Shimano Inc. (OTCMKTS:SMNNY) saw a significant decline in short interest during 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 volume of 76,900 shares, the short-interest ratio is presently 0.2 days.

Shimano Stock Performance

Shimano stock traded up $0.10 during midday trading on Friday, hitting $15.32. 114,014 shares of the company were exchanged, compared to its average volume of 64,917. The firm has a market capitalization of $13.76 billion, a PE ratio of 30.04 and a beta of 0.59. The business has a fifty day simple moving average of $17.84 and a two-hundred day simple moving average of $16.82. Shimano has a fifty-two week low of $13.20 and a fifty-two week high of $19.69.

Shimano (OTCMKTS:SMNNY) last announced its quarterly earnings data 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.

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.