Yamaha Co. (OTCMKTS:YAMCY) Short Interest Update

Yamaha Co. (OTCMKTS:YAMCYGet Rating) was the target of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 1,000 shares, a decrease of 86.8% from the March 15th total of 7,600 shares. Based on an average daily volume of 13,800 shares, the days-to-cover ratio is currently 0.1 days.

Separately, Citigroup raised shares of Yamaha from a “sell” rating to a “neutral” rating in a research note on Wednesday, January 19th.

Shares of OTCMKTS:YAMCY traded down $1.77 on Tuesday, reaching $41.47. 14,036 shares of the company were exchanged, compared to its average volume of 7,661. Yamaha has a 1-year low of $40.92 and a 1-year high of $69.46. The company has a 50-day moving average of $45.16 and a 200-day moving average of $51.46.

About Yamaha (Get Rating)

Yamaha Corp. engages in the manufacture and sale of musical instruments, audio equipment and electronic components. It operates through the following segments: Musical Instruments, Audio Equipment, and Others. The Musical Instruments segment provides piano, strings, percussion, wind, and electronic musical instruments.

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