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

Shimano Inc. (OTCMKTS:SMNNY - Get Free Report) was the recipient of a significant growth in short interest in May. As of May 31st, there was short interest totalling 140,100 shares, a growth of 1,329.6% from the May 15th total of 9,800 shares. Based on an average daily trading volume, of 1,019,000 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Shimano Trading Down 3.3%

Shares of OTCMKTS:SMNNY traded down $0.49 during midday trading on Friday, reaching $14.21. 64,538 shares of the company were exchanged, compared to its average volume of 281,123. The stock has a market cap of $12.46 billion, a PE ratio of 25.38 and a beta of 0.61. The business's fifty day moving average is $14.00 and its two-hundred day moving average is $13.89. Shimano has a one year low of $12.55 and a one year high of $19.69.

Shimano (OTCMKTS:SMNNY - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $0.07 EPS for the quarter. Shimano had a net margin of 16.84% and a return on equity of 9.02%. The business 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.