Secom Co. (OTCMKTS:SOMLY) Short Interest Down 60.5% in August

Secom Co. (OTCMKTS:SOMLY) was the target of a significant decline in short interest in August. As of August 14th, there was short interest totaling 64,383 shares, a decline of 60.5% from the July 30th total of 162,790 shares. Based on an average daily trading volume, of 134,067 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.0% of the shares of the stock are sold short.

Secom Price Performance

Shares of OTCMKTS SOMLY opened at $10.00 on Friday. The firm has a market capitalization of $16.18 billion, a P/E ratio of 22.73 and a beta of 0.27. The company has a quick ratio of 2.27, a current ratio of 2.42 and a debt-to-equity ratio of 0.02. The stock’s 50-day simple moving average is $10.20 and its two-hundred day simple moving average is $9.80. Secom has a twelve month low of $8.06 and a twelve month high of $11.02.

Secom (OTCMKTS:SOMLY) last issued its quarterly earnings results on Friday, August 14th. The company reported $0.09 earnings per share (EPS) for the quarter. Secom had a return on equity of 7.61% and a net margin of 8.81%.The firm had revenue of $1.87 billion during 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.