SHIMAMURA Co., Ltd. (OTCMKTS:SHAOF) Sees Significant Increase in Short Interest

SHIMAMURA Co., Ltd. (OTCMKTS:SHAOF) was the target of a large increase in short interest in December. As of December 31st, there was short interest totaling 265,348 shares, an increase of 49.5% from the December 15th total of 177,549 shares. Based on an average trading volume of 227 shares, the short-interest ratio is currently 1,168.9 days. Based on an average trading volume of 227 shares, the short-interest ratio is currently 1,168.9 days.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group cut shares of SHIMAMURA to a “sell” rating in a research note on Sunday, December 14th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

SHIMAMURA Price Performance

Shares of SHIMAMURA stock remained flat at C$64.47 during trading on Friday. The company had a trading volume of 1 shares, compared to its average volume of 623. SHIMAMURA has a fifty-two week low of C$64.47 and a fifty-two week high of C$67.51. The stock has a 50 day moving average of C$69.81 and a 200-day moving average of C$71.86.

About SHIMAMURA

Shimamura Co, Ltd. is a Japan-based retail company specializing in affordable apparel and household goods. Founded in 1953 and headquartered in Maebashi, Gunma Prefecture, the company has grown into one of the country’s leading discount fashion retailers. Shimamura’s shares are listed on the Tokyo Stock Exchange and its American Depositary Receipts trade over-the-counter under the symbol SHAOF.

The company operates an extensive network of more than 2,000 stores across Japan, offering a wide range of clothing for men, women and children, as well as shoes, accessories and home textiles.