Shimano Inc. (OTCMKTS:SMNNY) Sees Significant Drop in Short Interest

kopsource ·  Nov 11, 2022 19:02

Shimano Inc. (OTCMKTS:SMNNY – Get Rating) was the recipient of a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 200 shares, a decline of 99.8% from the October 15th total of 81,800 shares. Based on an average daily volume of 680,100 shares, the short-interest ratio is presently 0.0 days.

Shimano Stock Up 3.2 %

Shares of OTCMKTS:SMNNY traded up $0.53 during trading on Friday, hitting $17.19. 47,438 shares of the company traded hands, compared to its average volume of 152,519. The business's fifty day moving average is $16.01 and its 200-day moving average is $16.81. The stock has a market capitalization of $15.67 billion, a price-to-earnings ratio of 13.54 and a beta of 0.47. Shimano has a one year low of $13.40 and a one year high of $29.79.

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Analyst Ratings Changes

Separately, The Goldman Sachs Group lowered shares of Shimano from a "neutral" rating to a "sell" rating in a report on Tuesday, October 18th.

About Shimano

(Get Rating)

Shimano Inc develops, produces, and distributes bicycle components, fishing tackles, and rowing equipment. The company also plans and develops lifestyle gear products, such as apparel items, shoes, bags, and related items. It has operations in Japan, Asia, Europe, North America, Latin America, and Oceania.

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