Short Interest in Shimano Inc. (OTCMKTS:SMNNY) Expands By 492.7%

Shimano Inc. (OTCMKTS:SMNNY - Get Free Report) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 32,600 shares, an increase of 492.7% from the March 15th total of 5,500 shares. Based on an average daily trading volume, of 156,100 shares, the days-to-cover ratio is currently 0.2 days.

Shimano Stock Down 1.5 %

SMNNY traded down $0.22 during midday trading on Wednesday, hitting $14.49. 41,939 shares of the company traded hands, compared to its average volume of 92,319. The company's 50-day moving average is $14.26 and its 200 day moving average is $14.55. The firm has a market capitalization of $13.02 billion, a PE ratio of 28.98 and a beta of 0.56. Shimano has a 52 week low of $12.85 and a 52 week high of $17.87.

Shimano (OTCMKTS:SMNNY - Get Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.03 earnings per share for the quarter. Shimano had a net margin of 13.15% and a return on equity of 10.13%. The company had revenue of $671.09 million for the quarter.

Shimano Company Profile

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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