Secom Co. (OTCMKTS:SOMLY) Sees Large Growth in Short Interest

Secom Co. (OTCMKTS:SOMLY) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 246,824 shares, an increase of 103.2% from the May 31st total of 121,449 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 211,210 shares, the days-to-cover ratio is currently 1.2 days.

Secom Stock Performance

OTCMKTS:SOMLY traded up $0.02 during mid-day trading on Tuesday, reaching $9.94. 56,181 shares of the company’s stock were exchanged, compared to its average volume of 123,200. Secom has a one year low of $8.06 and a one year high of $10.34. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.27 and a current ratio of 2.42. The business’s fifty day simple moving average is $9.68 and its two-hundred day simple moving average is $9.44. The firm has a market capitalization of $16.08 billion, a PE ratio of 22.08 and a beta of 0.27.

Secom (OTCMKTS:SOMLY) last announced its earnings results on Tuesday, May 12th. The company reported $0.14 earnings per share (EPS) for the quarter. Secom had a net margin of 8.94% and a return on equity of 7.81%. The firm had revenue of $2.21 billion for the quarter.

About Secom

Secom Co, Ltd. is a leading provider of security and safety solutions based in Tokyo, Japan. The company’s core business centers on integrated security services, including electronic alarm systems, 24-hour monitoring, on-site guard services and emergency response. Secom also develops and installs access control systems, video surveillance equipment and intruder detection technologies designed for residential, commercial and government clients.

Founded in 1962, Secom introduced Japan’s first automated security alarm service and has since expanded its offerings to encompass a broad range of safety-related products.