Short Interest in Secom Co. (OTCMKTS:SOMLY) Declines By 39.4%

Secom Co. (OTCMKTS:SOMLY) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 149,534 shares, a drop of 39.4% from the June 15th total of 246,824 shares. Based on an average daily trading volume, of 292,673 shares, the short-interest ratio is presently 0.5 days. Currently, 0.0% of the company’s shares are sold short.

Secom Price Performance

Secom stock opened at $10.27 on Thursday. The company has a current ratio of 2.42, a quick ratio of 2.27 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $16.62 billion, a P/E ratio of 22.82 and a beta of 0.27. The business has a 50-day moving average of $9.93 and a 200-day moving average of $9.54. Secom has a 1 year low of $8.06 and a 1 year high of $10.47.

Secom (OTCMKTS:SOMLY) last announced its quarterly earnings results on Tuesday, May 12th. The company reported $0.14 earnings per share for the quarter. Secom had a net margin of 8.94% and a return on equity of 7.81%. The business had revenue of $2.21 billion for the quarter.

About Secom

Secom Co, Ltd. is a leading provider of security and safety solutions based in Tokyo, Japan. The company’s core business centers on integrated security services, including electronic alarm systems, 24-hour monitoring, on-site guard services and emergency response. Secom also develops and installs access control systems, video surveillance equipment and intruder detection technologies designed for residential, commercial and government clients.

Founded in 1962, Secom introduced Japan’s first automated security alarm service and has since expanded its offerings to encompass a broad range of safety-related products.