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

Shimano Inc. (OTCMKTS:SMNNYGet Free Report) was the target of a large growth in short interest in January. As of January 31st, there was short interest totalling 125,500 shares, a growth of 24.8% from the January 15th total of 100,600 shares. Based on an average daily trading volume, of 376,100 shares, the short-interest ratio is presently 0.3 days.

Shimano Price Performance

Shares of Shimano stock opened at $13.44 on Friday. Shimano has a one year low of $12.55 and a one year high of $19.69. The firm has a market capitalization of $11.98 billion, a price-to-earnings ratio of 41.18 and a beta of 0.60. The business has a 50-day simple moving average of $13.57 and a 200 day simple moving average of $15.55.

Shimano (OTCMKTS:SMNNYGet Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.26 earnings per share (EPS) for the quarter. Shimano had a return on equity of 5.22% and a net margin of 9.65%.

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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