Shimano Inc. (OTCMKTS:SMNNY) Short Interest Up 59.2% in March

Shimano Inc. (OTCMKTS:SMNNY) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 29,300 shares, an increase of 59.2% from the February 28th total of 18,400 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 363,100 shares, the short-interest ratio is presently 0.1 days.

Shimano Trading Down 2.3 %

SMNNY traded down $0.33 on Monday, hitting $14.24. 106,240 shares of the company’s stock were exchanged, compared to its average volume of 194,145. The stock has a fifty day moving average of $14.03 and a two-hundred day moving average of $14.64. Shimano has a twelve month low of $12.55 and a twelve month high of $19.69. The firm has a market cap of $12.69 billion, a PE ratio of 25.43 and a beta of 0.58.

Shimano (OTCMKTS:SMNNY) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.26 earnings per share for the quarter. Shimano had a return on equity of 9.02% and a net margin of 16.84%.

About Shimano

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.