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

Shimano Inc. (OTCMKTS:SMNNY) was the target of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 700 shares, a drop of 84.1% from the November 30th total of 4,400 shares. Based on an average daily volume of 348,300 shares, the short-interest ratio is currently 0.0 days.

Shimano Price Performance

Shares of SMNNY traded down $0.01 on Friday, reaching $13.59. The company’s stock had a trading volume of 198,654 shares, compared to its average volume of 81,713. The stock’s 50 day simple moving average is $14.20 and its two-hundred day simple moving average is $16.15. The stock has a market capitalization of $12.15 billion, a P/E ratio of 43.84 and a beta of 0.60. Shimano has a 12-month low of $13.01 and a 12-month high of $19.69.

Shimano Company Profile

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.