Shimano Inc. Unsponsored ADR (OTCMKTS:SMNNY) Short Interest Down 98.2% in August

Key Points

• Shimano Inc. experienced a significant drop in short interest, decreasing by 98.2% in August, with only 1,800 shares short as of August 15th compared to 99,200 shares at the end of July.
• The company's stock price rose by $0.26 during trading, reaching $11.34, with a market capitalization of $9.95 billion.
• In its latest earnings report, Shimano posted an earnings per share (EPS) of ($0.05), with revenues of $857.43 million and set its FY 2025 guidance at 2.410 EPS.

Shimano Inc. Unsponsored ADR (OTCMKTS:SMNNY - Get Free Report) was the target of a large decrease in short interest in August. As of August 15th, there was short interest totaling 1,800 shares, adecreaseof98.2% from the July 31st total of 99,200 shares. Based on an average daily volume of 444,300 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 444,300 shares, the days-to-cover ratio is presently 0.0 days.

Shimano Price Performance

Shimano stock traded up $0.26 during mid-day trading on Tuesday, reaching $11.34. 139,753 shares of the company traded hands, compared to its average volume of 237,050. Shimano has a fifty-two week low of $10.60 and a fifty-two week high of $18.94. The company has a market capitalization of $9.95 billion, a price-to-earnings ratio of 43.62 and a beta of 0.58. The firm's fifty day moving average is $12.65 and its two-hundred day moving average is $13.57.

Shimano (OTCMKTS:SMNNY - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported ($0.05) earnings per share (EPS) for the quarter. The company had revenue of $857.43 million for the quarter. Shimano had a net margin of 7.53% and a return on equity of 4.23%. Shimano has set its FY 2025 guidance at 2.410-2.410 EPS.

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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