Short Interest in SHIMAMURA Co., Ltd. (OTCMKTS:SHAOF) Increases By 49.5%

SHIMAMURA Co., Ltd. (OTCMKTS:SHAOF) saw a large increase in short interest in the month of 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 daily trading volume, of 227 shares, the short-interest ratio is presently 1,168.9 days. Based on an average daily trading volume, of 227 shares, the short-interest ratio is presently 1,168.9 days.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group cut SHIMAMURA to a “sell” rating in a research note on Sunday, December 14th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

SHIMAMURA Stock Performance

SHAOF stock opened at C$64.47 on Friday. The business has a 50-day simple moving average of C$69.98 and a two-hundred day simple moving average of C$71.90. SHIMAMURA has a 52-week low of C$64.47 and a 52-week high of C$67.51.

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.