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

Shimano Inc. (OTCMKTS:SMNNY - Get Free Report) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totalling 9,800 shares, a drop of 93.3% from the April 30th total of 146,900 shares. Based on an average daily volume of 213,800 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company's stock are sold short.

Shimano Price Performance

Shares of Shimano stock traded up $0.27 during trading on Monday, reaching $14.44. 305,247 shares of the stock traded hands, compared to its average volume of 296,936. The company has a market capitalization of $12.67 billion, a price-to-earnings ratio of 25.79 and a beta of 0.68. The business has a fifty day simple moving average of $13.90 and a two-hundred day simple moving average of $13.82. Shimano has a 52-week low of $12.55 and a 52-week high of $19.69.

Shimano (OTCMKTS:SMNNY - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.07 earnings per share for the quarter. Shimano had a net margin of 16.84% and a return on equity of 9.02%. The firm had revenue of $744.70 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.