Short Interest in Suzuki Motor Co. (OTCMKTS:SZKMY) Drops By 45.5%

Suzuki Motor Co. (OTCMKTS:SZKMY) was the target of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 15,900 shares, a drop of 45.5% from the October 31st total of 29,200 shares. Based on an average daily volume of 91,000 shares, the days-to-cover ratio is presently 0.2 days.

Suzuki Motor Trading Down 2.8 %

Suzuki Motor stock traded down $1.17 during trading on Thursday, reaching $41.32. 18,796 shares of the company were exchanged, compared to its average volume of 29,338. Suzuki Motor has a 52-week low of $34.20 and a 52-week high of $50.32. The company has a market capitalization of $20.29 billion, a P/E ratio of 12.18 and a beta of 1.14. The stock’s 50 day simple moving average is $42.10 and its two-hundred day simple moving average is $44.51. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.61 and a quick ratio of 1.21.

Analyst Ratings Changes

Separately, Macquarie raised shares of Suzuki Motor from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th.

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.