Short Interest in Yamaha Co. (OTCMKTS:YAMCY) Drops By 34.4%

Yamaha Co. (OTCMKTS:YAMCY) was the target of a large decline in short interest in July. As of July 15th, there was short interest totaling 128 shares, a decline of 34.4% from the June 30th total of 195 shares. Based on an average daily volume of 697 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

Yamaha Stock Performance

OTCMKTS:YAMCY remained flat at $7.75 during trading hours on Friday. The company’s stock had a trading volume of 41 shares, compared to its average volume of 1,410. The stock has a market capitalization of $3.59 billion and a PE ratio of 0.06. Yamaha has a 52-week low of $6.33 and a 52-week high of $8.00. The company’s fifty day simple moving average is $7.14 and its 200 day simple moving average is $7.24.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Yamaha to a “hold” rating in a research note on Monday, April 13th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Yamaha presently has a consensus rating of “Hold”.

Yamaha Company Profile

Yamaha Motor Co, Ltd., founded in 1955 as a spin-off from Yamaha Corporation, is a Japanese manufacturer specializing in a diverse range of mobility and power products. Headquartered in Iwata, Shizuoka Prefecture, the company initially gained recognition for its 125cc two-stroke motorcycle before expanding into marine engines and general-purpose power units. Over the decades, Yamaha Motor has built a reputation for engineering innovation, high-performance design and reliable manufacturing processes.

The company’s core product portfolio encompasses motorcycles, scooters and off-road vehicles, including ATVs, side-by-sides and snowmobiles.