Short Interest in Shimano Inc. (OTCMKTS:SMNNY) Declines By 84.1%

Shimano Inc. (OTCMKTS:SMNNY) was the target of a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 700 shares, a decline of 84.1% from the November 30th total of 4,400 shares. Based on an average trading volume of 348,300 shares, the days-to-cover ratio is currently 0.0 days.

Shimano Price Performance

Shares of OTCMKTS:SMNNY traded up $0.18 during trading on Thursday, reaching $13.60. The company had a trading volume of 124,586 shares, compared to its average volume of 81,243. Shimano has a fifty-two week low of $13.01 and a fifty-two week high of $19.69. The stock’s fifty day moving average price is $14.25 and its 200 day moving average price is $16.17. The firm has a market capitalization of $12.16 billion, a price-to-earnings ratio of 43.87 and a beta of 0.60.

About Shimano

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.