Yamaha Co. (OTCMKTS:YAMCY) Sees Significant Drop in Short Interest

Yamaha Co. (OTCMKTS:YAMCY) was the recipient of a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 2,200 shares, a decline of 73.2% from the January 15th total of 8,200 shares. Based on an average trading volume of 32,000 shares, the short-interest ratio is currently 0.1 days.

Yamaha Stock Performance

Shares of Yamaha stock opened at $7.02 on Thursday. Yamaha has a 1 year low of $6.02 and a 1 year high of $9.03. The business has a 50-day moving average of $6.95 and a two-hundred day moving average of $12.55.

About Yamaha

Yamaha Corporation, together with its subsidiaries, engages in the musical instruments, audio equipment, and other businesses in Japan and internationally. It manufactures and sells pianos; guitars; keyboards; strings; basses and amps; brass and woodwinds; marching instruments; drums; percussion instruments; music production tools; audio and visual products; and professional audio equipment under the Bösendorfer, Steinberg, Line 6, Ampeg, and Nexo brands.