Short Interest in SHIMAMURA Co., Ltd. (OTCMKTS:SHAOF) Declines By 32.2%

SHIMAMURA Co., Ltd. (OTCMKTS:SHAOF) saw a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 186,218 shares, a decline of 32.2% from the January 29th total of 274,627 shares. Based on an average trading volume of 9 shares, the short-interest ratio is presently 20,690.9 days. Based on an average trading volume of 9 shares, the short-interest ratio is presently 20,690.9 days.

Analysts Set New Price Targets

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

SHIMAMURA Stock Performance

Shares of SHAOF opened at C$21.49 on Friday. The business’s fifty day moving average is C$55.54 and its 200 day moving average is C$66.87. SHIMAMURA has a 12-month low of C$64.47 and a 12-month high of C$67.51.

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.