Shimano Inc. (OTCMKTS:SMNNY) Short Interest Down 84.1% in June

Shimano Inc. (OTCMKTS:SMNNY) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totalling 2,800 shares, a drop of 84.1% from the May 31st total of 17,600 shares. Based on an average daily trading volume, of 66,600 shares, the days-to-cover ratio is presently 0.0 days.

Shimano Stock Performance

Shares of OTCMKTS SMNNY traded down $0.02 during trading hours on Friday, hitting $15.48. The company’s stock had a trading volume of 43,875 shares, compared to its average volume of 33,875. Shimano has a 12 month low of $12.85 and a 12 month high of $17.87. The business has a 50-day simple moving average of $16.33 and a 200-day simple moving average of $15.24. The stock has a market cap of $13.90 billion, a price-to-earnings ratio of 23.49 and a beta of 0.58.

Shimano (OTCMKTS:SMNNY) last posted its earnings results on Tuesday, April 23rd. The company reported $0.18 earnings per share (EPS) for the quarter. The company had revenue of $677.15 million during the quarter. Shimano had a net margin of 14.53% and a return on equity of 10.20%.

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.