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.

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

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.

Read More

• Get a free copy of the StockNews.com research report on Shimano (SMNNY)
• Oil Is a Compelling Reason The Sell-Off In Stocks Isn't Over
• Is Mid-Cap Neurocrine Biosciences A Buy After Blowout Q3 Report?
• Six Flags is a Ride You Don't Want to Get Stuck On
• Hanesbrands May be Signaling a Bad Week for Retail Stocks
• Vision Hydrogen, Now Vision Energy, Puts Hopes In Stock Split

Receive News & Ratings for Shimano Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shimano and related companies with MarketBeat.com's FREE daily email newsletter.