Yamaha Co. (OTCMKTS:YAMCY) Sees Large Increase in Short Interest

Yamaha Co. (OTCMKTS:YAMCY) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 195 shares, a growth of 74.1% from the June 15th total of 112 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 1,624 shares, the days-to-cover ratio is currently 0.1 days.

Yamaha Stock Performance

Yamaha stock opened at $7.87 on Friday. The firm has a market cap of $3.64 billion and a P/E ratio of 0.06. The business’s fifty day moving average is $7.04 and its two-hundred day moving average is $7.20. Yamaha has a 52 week low of $6.33 and a 52 week high of $7.95.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Yamaha to a “hold” rating in a research report on Monday, April 13th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

Yamaha Company Profile

Yamaha Motor Co, Ltd., founded in 1955 as a spin-off from Yamaha Corporation, is a Japanese manufacturer specializing in a diverse range of mobility and power products. Headquartered in Iwata, Shizuoka Prefecture, the company initially gained recognition for its 125cc two-stroke motorcycle before expanding into marine engines and general-purpose power units. Over the decades, Yamaha Motor has built a reputation for engineering innovation, high-performance design and reliable manufacturing processes.

The company’s core product portfolio encompasses motorcycles, scooters and off-road vehicles, including ATVs, side-by-sides and snowmobiles.