Secom Co. (OTCMKTS:SOMLY) Sees Significant Drop in Short Interest

Secom Co. (OTCMKTS:SOMLY) was the target of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 64,383 shares, a drop of 60.5% from the July 30th total of 162,790 shares. Based on an average daily trading volume, of 134,067 shares, the short-interest ratio is presently 0.5 days. Approximately 0.0% of the company’s stock are short sold.

Secom Stock Performance

Secom stock opened at $10.00 on Friday. The stock’s 50 day simple moving average is $10.20 and its two-hundred day simple moving average is $9.80. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.27 and a current ratio of 2.42. The stock has a market cap of $16.18 billion, a price-to-earnings ratio of 22.73 and a beta of 0.27. Secom has a fifty-two week low of $8.06 and a fifty-two week high of $11.02.

Secom (OTCMKTS:SOMLY) last announced its earnings results on Friday, August 14th. The company reported $0.09 earnings per share (EPS) for the quarter. The firm had revenue of $1.87 billion during the quarter. Secom had a return on equity of 7.61% and a net margin of 8.81%.

About Secom

Secom Co, Ltd. is a leading provider of security and safety solutions based in Tokyo, Japan. The company’s core business centers on integrated security services, including electronic alarm systems, 24-hour monitoring, on-site guard services and emergency response. Secom also develops and installs access control systems, video surveillance equipment and intruder detection technologies designed for residential, commercial and government clients.

Founded in 1962, Secom introduced Japan’s first automated security alarm service and has since expanded its offerings to encompass a broad range of safety-related products.