SHIMAMURA Co., Ltd. (OTCMKTS:SHAOF) Short Interest Up 36.9% in March

SHIMAMURA Co., Ltd. (OTCMKTS:SHAOF) was the recipient of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 635,715 shares, a growth of 36.9% from the February 26th total of 464,240 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days.

SHIMAMURA Stock Performance

Shares of OTCMKTS SHAOF opened at C$21.49 on Monday. SHIMAMURA has a 52 week low of C$64.47 and a 52 week high of C$67.51. The business’s 50 day moving average price is C$38.11 and its 200 day moving average price is C$59.58.

Analyst Ratings Changes

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