Short Interest in Shimano Inc. Unsponsored ADR (OTCMKTS:SMNNY) Rises By 1,227.5%
by Kim Johansen · The Markets DailyShimano Inc. Unsponsored ADR (OTCMKTS:SMNNY – Get Free Report) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totaling 42,984 shares, a growth of 1,227.5% from the November 30th total of 3,238 shares. Based on an average trading volume of 438,652 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 438,652 shares, the days-to-cover ratio is currently 0.1 days.
Shimano Stock Performance
Shimano stock traded down $0.09 during midday trading on Wednesday, reaching $10.62. 59,447 shares of the company were exchanged, compared to its average volume of 222,426. The company has a market capitalization of $9.19 billion, a price-to-earnings ratio of 28.70 and a beta of 0.63. The firm’s 50-day simple moving average is $10.60 and its 200-day simple moving average is $11.73. Shimano has a 1 year low of $9.36 and a 1 year high of $15.16.
Shimano (OTCMKTS:SMNNY – Get Free Report) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $0.09 EPS for the quarter. The business had revenue of $770.46 million during the quarter. Shimano had a net margin of 10.72% and a return on equity of 5.96%.
Shimano Company Profile
Shimano Inc, traded over-the-counter under the symbol SMNNY, is a Japan-based manufacturer best known for its high-performance cycling components and fishing tackle. Headquartered in Sakai, Osaka, the company operates two primary business segments: bicycle parts and fishing equipment. Within the cycling segment, Shimano produces an extensive range of drivetrains, derailleurs, shifters, brake systems, wheelsets and pedals for road, mountain and urban bicycles, catering to both professional athletes and recreational riders.