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

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

Shimano Price Performance

SMNNY stock traded up $0.24 during midday trading on Tuesday, reaching $13.83. 1,170,135 shares of the company were exchanged, compared to its average volume of 271,160. Shimano has a one year low of $12.55 and a one year high of $19.69. The business has a 50-day moving average price of $14.11 and a two-hundred day moving average price of $14.30. The firm has a market capitalization of $12.33 billion, a price-to-earnings ratio of 24.70 and a beta of 0.64.

Shimano (OTCMKTS:SMNNY) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.26 earnings per share 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.