Shimano Inc. Unsponsored ADR (OTCMKTS:SMNNY) Short Interest Up 3,857.9% in September

Key Points

• Short interest in Shimano Inc. surged by 3,857.9% in September, rising to 75,200 shares from just 1,900 shares at the end of August.
• As of the latest trading session, Shimano's stock price was $11.13, with a market capitalization of $9.76 billion.
• The company's average daily trading volume stands at 430,300 shares, resulting in a days-to-cover ratio of 0.2 days.

Shimano Inc. Unsponsored ADR (OTCMKTS:SMNNY - Get Free Report) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 75,200 shares, a growth of 3,857.9% from the August 31st total of 1,900 shares. Based on an average daily volume of 430,300 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 430,300 shares, the days-to-cover ratio is presently 0.2 days.

Shimano Stock Up 0.3%

Shares of OTCMKTS:SMNNY traded up $0.04 during midday trading on Tuesday, reaching $11.13. The company's stock had a trading volume of 145,272 shares, compared to its average volume of 233,226. The firm has a market capitalization of $9.76 billion, a PE ratio of 42.79 and a beta of 0.58. Shimano has a twelve month low of $10.57 and a twelve month high of $18.57. The stock has a fifty day moving average of $11.48 and a 200 day moving average of $13.17.

Shimano (OTCMKTS:SMNNY - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported ($0.05) earnings per share for the quarter. The business had revenue of $857.43 million during the quarter. Shimano had a return on equity of 4.23% and a net margin of 7.53%. 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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