Shimano Inc. (OTCMKTS:SMNNY) Short Interest Up 96.4% in June

Shimano Inc. (OTCMKTS:SMNNYGet Free Report) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totalling 5,500 shares, an increase of 96.4% from the June 15th total of 2,800 shares. Based on an average daily volume of 76,900 shares, the days-to-cover ratio is currently 0.1 days.

Shimano Stock Performance

Shares of SMNNY stock traded up $0.47 on Friday, reaching $15.96. 25,199 shares of the company’s stock traded hands, compared to its average volume of 36,928. The company has a market capitalization of $14.34 billion, a P/E ratio of 24.18 and a beta of 0.59. Shimano has a 12-month low of $12.85 and a 12-month high of $17.87. The business’s 50 day moving average price is $16.18 and its two-hundred day moving average price is $15.26.

Shimano (OTCMKTS:SMNNYGet Free Report) last issued its earnings results on Tuesday, April 23rd. The company reported $0.18 earnings per share for the quarter. The company had revenue of $677.15 million for the quarter. Shimano had a return on equity of 10.20% and a net margin of 14.53%.

Shimano Company Profile

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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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