Short Interest in Shimano Inc. (OTCMKTS:SMNNY) Decreases By 55.8%

Shimano Inc. (OTCMKTS:SMNNY – Get Rating) saw a large decrease in short interest in May. As of May 15th, there was short interest totalling 4,600 shares, a decrease of 55.8% from the April 30th total of 10,400 shares. Based on an average trading volume of 140,600 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Citigroup downgraded Shimano from a “neutral” rating to a “sell” rating in a research note on Monday, February 27th.

Shimano Trading Down 0.8 %

OTCMKTS:SMNNY traded down $0.13 during mid-day trading on Friday, hitting $15.50. 38,392 shares of the company’s stock traded hands, compared to its average volume of 74,341. The firm has a 50 day moving average of $16.37 and a two-hundred day moving average of $16.47. Shimano has a 12 month low of $13.40 and a 12 month high of $19.02. The firm has a market capitalization of $14.02 billion, a price-to-earnings ratio of 14.31 and a beta of 0.59.

About Shimano

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Shimano, Inc engages in the development, production and distribution of bicycle components, fishing tackle, and rowing equipments. It operates through the following segments: Bicycle Components, Fishing Tackle, and Others. The Bicycle Components segment manufactures and sells derailleur gears, brakes, wheel and other related products.