Short Interest in Shimano Inc. (OTCMKTS:SMNNY) Rises By 37.7%

Shimano Inc. (OTCMKTS:SMNNY) was the target of a significant increase in short interest during the month of August. As of August 15th, there was short interest totalling 38,000 shares, an increase of 37.7% from the July 31st total of 27,600 shares. Based on an average daily volume of 89,700 shares, the short-interest ratio is currently 0.4 days.

Shimano Trading Down 1.9 %

SMNNY stock traded down $0.37 on Friday, hitting $18.64. 48,348 shares of the company’s stock traded hands, compared to its average volume of 67,466. Shimano has a 1-year low of $12.85 and a 1-year high of $19.69. The stock has a market cap of $16.74 billion, a price-to-earnings ratio of 36.55 and a beta of 0.59. The stock has a fifty day moving average of $17.05 and a 200-day moving average of $15.95.

Shimano (OTCMKTS:SMNNY) last released its earnings results on Tuesday, July 30th. The company reported $0.14 EPS for the quarter. Shimano had a net margin of 12.62% and a return on equity of 8.74%. The business had revenue of $746.22 million during the quarter.

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.