Shimano Inc. (OTCMKTS:SMNNY – Get Rating) was the recipient of a large decline in short interest in the month of December. As of December 30th, there was short interest totalling 5,900 shares, a decline of 83.9% from the December 15th total of 36,700 shares. Based on an average daily trading volume, of 175,400 shares, the days-to-cover ratio is presently 0.0 days.
Shimano Trading Down 0.3 %
Shares of OTCMKTS SMNNY traded down $0.05 during trading hours on Thursday, reaching $17.01. The stock had a trading volume of 90,729 shares, compared to its average volume of 84,057. The firm has a market cap of $15.50 billion, a price-to-earnings ratio of 13.87 and a beta of 0.52. Shimano has a fifty-two week low of $13.40 and a fifty-two week high of $26.42. The firm has a 50-day moving average of $16.45 and a 200-day moving average of $16.58.
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Shimano (OTCMKTS:SMNNY – Get Rating) last announced its earnings results on Tuesday, October 25th. The company reported $0.36 earnings per share (EPS) for the quarter. The firm had revenue of $1.19 billion during the quarter. Shimano had a return on equity of 20.47% and a net margin of 22.98%.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group cut Shimano from a "neutral" rating to a "sell" rating in a research note on Tuesday, October 18th.
Shimano Company Profile
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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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