Shimano Inc. (OTCMKTS:SMNNY) Short Interest Down 82.8% in February

Shimano Inc. (OTCMKTS:SMNNY) was the target of a large drop in short interest in February. As of February 28th, there was short interest totalling 18,400 shares, a drop of 82.8% from the February 13th total of 106,800 shares. Based on an average daily volume of 200,600 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Shimano Stock Down 1.8 %

Shimano stock traded down $0.28 during trading hours on Thursday, hitting $14.65. The stock had a trading volume of 42,061 shares, compared to its average volume of 221,723. Shimano has a 12-month low of $12.55 and a 12-month high of $19.69. The stock has a market capitalization of $13.06 billion, a P/E ratio of 26.16 and a beta of 0.58. The stock’s 50-day moving average price is $13.65 and its 200-day moving average price is $14.98.

Shimano (OTCMKTS:SMNNY) last posted its earnings results on Wednesday, February 12th. The company reported $0.26 EPS for the quarter. Shimano had a return on equity of 9.02% and a net margin of 16.84%.

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.