Short Interest in Shimano Inc. (OTCMKTS:SMNNY) Grows By 96.4%

Shimano Inc. (OTCMKTS:SMNNY) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totalling 5,500 shares, a growth of 96.4% from the June 15th total of 2,800 shares. Based on an average daily volume of 76,900 shares, the days-to-cover ratio is currently 0.1 days.

Shimano Trading Up 3.0 %

Shares of OTCMKTS:SMNNY traded up $0.47 during trading on Friday, reaching $15.96. 25,139 shares of the stock were exchanged, compared to its average volume of 74,122. Shimano has a 12 month low of $12.85 and a 12 month high of $17.87. The stock has a 50-day moving average price of $16.19 and a 200-day moving average price of $15.26. The firm has a market cap of $14.34 billion, a PE ratio of 23.33 and a beta of 0.59.

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

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.