Short Interest in Shimano Inc. (OTCMKTS:SMNNY) Increases By 18,214.3%

Shimano Inc. (OTCMKTS:SMNNY) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 128,200 shares, an increase of 18,214.3% from the December 15th total of 700 shares. Based on an average daily volume of 463,900 shares, the days-to-cover ratio is currently 0.3 days.

Shimano Stock Performance

Shares of OTCMKTS SMNNY traded down $0.19 during midday trading on Monday, hitting $12.75. The company’s stock had a trading volume of 204,045 shares, compared to its average volume of 174,791. Shimano has a 1-year low of $12.55 and a 1-year high of $19.69. The firm’s fifty day moving average price is $13.76 and its 200-day moving average price is $15.93. The firm has a market cap of $11.36 billion, a P/E ratio of 41.13 and a beta of 0.60.

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.