Short Interest in SHIMAMURA Co., Ltd. (OTCMKTS:SHAOF) Expands By 149.3%

SHIMAMURA Co., Ltd. (OTCMKTS:SHAOF) was the recipient of a significant increase in short interest during 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 daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days.

Analysts Set New Price Targets

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

SHIMAMURA Price Performance

OTCMKTS:SHAOF opened at C$21.49 on Friday. SHIMAMURA has a 1-year low of C$64.47 and a 1-year high of C$67.51. The business’s fifty day moving average price is C$47.56 and its 200 day moving average price is C$63.70.

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.