Short Interest in Secom Co., Ltd. (OTCMKTS:SOMLY) Decreases By 44.5%

Secom Co., Ltd. (OTCMKTS:SOMLYGet Rating) was the target of a large drop in short interest in March. As of March 31st, there was short interest totalling 13,600 shares, a drop of 44.5% from the March 15th total of 24,500 shares. Based on an average daily volume of 44,600 shares, the days-to-cover ratio is presently 0.3 days.

Separately, Zacks Investment Research raised shares of Secom from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a report on Friday.

SOMLY stock traded down $0.07 during midday trading on Friday, hitting $17.49. 18,522 shares of the stock were exchanged, compared to its average volume of 87,890. The stock’s 50-day moving average price is $18.19 and its 200-day moving average price is $17.66. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.70 and a current ratio of 2.80. The stock has a market cap of $16.32 billion, a price-to-earnings ratio of 16.81 and a beta of 0.21. Secom has a fifty-two week low of $16.62 and a fifty-two week high of $21.83.

Secom Company Profile (Get Rating)

SECOM CO., LTD. provides security services in Japan and internationally. The company's Security Services segment provides online security systems, static guard services, armored car services. Its Fire Protection Services segment provides automatic fire alarm systems, fire extinguishing systems, other fire protection systems, and related maintenance services to office buildings, plants, tunnels, cultural properties, ships and residences.

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