Shimano Inc. (OTCMKTS:SMNNY – Get Free Report) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 19,900 shares, a decline of 47.6% from the August 15th total of 38,000 shares. Based on an average daily volume of 86,900 shares, the short-interest ratio is currently 0.2 days.
Shimano Price Performance
Shimano stock traded up $0.25 during midday trading on Friday, reaching $17.82. 45,316 shares of the company traded hands, compared to its average volume of 65,753. Shimano has a 12 month low of $12.85 and a 12 month high of $19.69. The business has a 50 day moving average of $17.58 and a two-hundred day moving average of $16.27. The firm has a market capitalization of $16.01 billion, a price-to-earnings ratio of 34.94 and a beta of 0.59.
Shimano (OTCMKTS:SMNNY – Get Free Report) last announced its earnings results on Tuesday, July 30th. The company reported $0.14 earnings per share for the quarter. The business had revenue of $746.22 million during the quarter. Shimano had a net margin of 12.62% and a return on equity of 8.74%.
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.
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