SHIMAMURA Co., Ltd. (OTCMKTS:SHAOF) Sees Significant Increase in Short Interest

SHIMAMURA Co., Ltd. (OTCMKTS:SHAOF) saw a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 464,240 shares, an increase of 149.3% from the February 12th total of 186,218 shares. Based on an average trading volume of 0 shares, the short-interest ratio is presently ∞ days. Based on an average trading volume of 0 shares, the short-interest ratio is presently ∞ days.

SHIMAMURA Stock Performance

Shares of SHIMAMURA stock opened at C$21.49 on Thursday. The stock’s 50-day simple moving average is C$48.42 and its 200-day simple moving average is C$63.99. SHIMAMURA has a 52 week low of C$64.47 and a 52 week high of C$67.51.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group lowered shares of SHIMAMURA to a “sell” rating in a research report on Sunday, December 14th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

SHIMAMURA Company Profile

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.