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

by · The Cerbat Gem

Shimano Inc. (OTCMKTS:SMNNY – Get Free Report) was the recipient of a significant decline in short interest during 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 daily volume of 348,300 shares, the days-to-cover ratio is currently 0.0 days.

Shimano Trading Up 1.4 %

Shares of OTCMKTS:SMNNY traded up $0.18 during midday trading on Thursday, hitting $13.60. 124,586 shares of the stock were exchanged, compared to its average volume of 81,243. Shimano has a twelve month low of $13.01 and a twelve month high of $19.69. The company has a 50 day moving average price of $14.25 and a 200-day moving average price of $16.17. The stock has a market cap of $12.16 billion, a P/E ratio of 43.87 and a beta of 0.60.

About Shimano

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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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