Shimano Inc. Unsponsored ADR (OTCMKTS:SMNNY) Stock Short Interest Drops 64.3%

Shimano Inc. Unsponsored ADR (OTCMKTS:SMNNY) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 19,943 shares, a drop of 64.3% from the August 31st total of 55,913 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 100,767 shares, the days-to-cover ratio is currently 0.2 days.

Shimano Trading Down 0.3%

SMNNY stock traded down $0.03 during trading on Tuesday, hitting $11.30. The company had a trading volume of 6,258 shares, compared to its average volume of 128,846. The company has a fifty day moving average price of $12.10 and a two-hundred day moving average price of $11.05. The company has a market cap of $9.78 billion, a P/E ratio of 26.91 and a beta of 0.53. Shimano has a fifty-two week low of $9.36 and a fifty-two week high of $13.15.

Shimano (OTCMKTS:SMNNY) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.11 earnings per share for the quarter. Shimano had a return on equity of 5.28% and a net margin of 12.18%.The firm had revenue of $812.08 million for the quarter. Shimano has set its FY 2026 guidance at 0.317-0.317 EPS.

Shimano Company Profile

Shimano Inc is a Japanese manufacturer of cycling components and fishing equipment. The company’s bicycle business includes drivetrains, gears, brakes, pedals, wheels, shoes and related accessories for road, mountain, gravel, touring and recreational cycling.

Shimano also produces fishing tackle, including reels, rods, lines, lures, clothing and other equipment for freshwater and saltwater anglers. Its products are sold through distributors, retailers and sporting-goods channels in markets around the world.

Founded in 1921 in Sakai, Japan, as Shimano Iron Works, the company has expanded from metalworking and bicycle freewheel production into a global sporting-goods business.