Short Interest in Shimano Inc. (OTCMKTS:SMNNY) Declines By 14.1%

Shimano Inc. (OTCMKTS:SMNNYGet Free Report) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totalling 17,100 shares, a decline of 14.1% from the August 31st total of 19,900 shares. Based on an average daily trading volume, of 67,100 shares, the days-to-cover ratio is currently 0.3 days.

Shimano Trading Up 0.1 %

Shares of OTCMKTS SMNNY opened at $18.63 on Monday. Shimano has a twelve month low of $13.01 and a twelve month high of $19.69. The stock has a fifty day simple moving average of $18.09 and a 200-day simple moving average of $16.61. The stock has a market capitalization of $16.73 billion, a PE ratio of 36.53 and a beta of 0.59.

Shimano (OTCMKTS:SMNNYGet Free Report) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.14 earnings per share for the quarter. Shimano had a return on equity of 8.74% and a net margin of 12.62%. The business had revenue of $746.22 million during the quarter.

Shimano Company Profile

(Get Free Report)

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.

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