Suzuki Motor Co. (OTCMKTS:SZKMY) Sees Large Decrease in Short Interest

Suzuki Motor Co. (OTCMKTS:SZKMY - Get Free Report) saw a significant decrease in short interest during the month of May. As of May 15th, there was short interest totalling 47,200 shares, a decrease of 34.8% from the April 30th total of 72,400 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 69,700 shares, the days-to-cover ratio is currently 0.7 days.

Suzuki Motor Trading Down 4.5%

Shares of Suzuki Motor stock traded down $2.32 on Wednesday, reaching $49.00. The company had a trading volume of 215,228 shares, compared to its average volume of 58,177. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.17 and a current ratio of 1.58. The firm's 50 day moving average price is $47.71 and its two-hundred day moving average price is $47.24. Suzuki Motor has a 52-week low of $37.73 and a 52-week high of $53.83. The firm has a market cap of $24.07 billion, a PE ratio of 8.66 and a beta of 0.63.

Suzuki Motor (OTCMKTS:SZKMY - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported $1.42 earnings per share for the quarter, beating analysts' consensus estimates of $1.24 by $0.18. The firm had revenue of $10.11 billion during the quarter, compared to analysts' expectations of $1,489.49 billion. Sell-side analysts predict that Suzuki Motor will post 5.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein upgraded Suzuki Motor to a "strong-buy" rating in a research note on Monday, April 14th.

About Suzuki Motor

Suzuki Motor Corporation engages in the manufacturing and marketing of automobiles, motorcycles, and marine products in Japan, rest of Asia, Europe, North America, and internationally. It offers mini-vehicles, sub-compact vehicles, standard-sized vehicles, outboard motors, motorized wheelchairs, and electro senior vehicles.