Yamaha Co. (OTCMKTS:YAMCY) Short Interest Down 92.3% in April

Yamaha Co. (OTCMKTS:YAMCYGet Rating) saw a significant drop in short interest during the month of April. As of April 30th, there was short interest totalling 100 shares, a drop of 92.3% from the April 15th total of 1,300 shares. Based on an average daily volume of 20,100 shares, the days-to-cover ratio is currently 0.0 days.

Shares of OTCMKTS YAMCY traded up $1.06 during trading hours on Wednesday, hitting $38.33. The company’s stock had a trading volume of 27,432 shares, compared to its average volume of 8,940. Yamaha has a 12 month low of $37.21 and a 12 month high of $69.46. The business has a 50-day simple moving average of $41.90 and a 200-day simple moving average of $47.98.

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

Yamaha Company Profile (Get Rating)

Yamaha Corporation, together with its subsidiaries, engages in the musical instruments, audio equipment, and other businesses worldwide. It manufactures and sells pianos; guitars; digital musical instruments; wind, string, and percussion instruments; other music-related products; and produces and sells audio and visual media software, as well as manages music and other schools.

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