Secom Co. (OTCMKTS:SOMLY) Stock Short Interest Drops 90.8%

Secom Co. (OTCMKTS:SOMLY) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 23,470 shares, a drop of 90.8% from the September 15th total of 255,996 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 168,519 shares, the days-to-cover ratio is currently 0.1 days.

Secom Stock Up 0.1%

Secom stock traded up $0.01 during mid-day trading on Friday, hitting $10.06. The company had a trading volume of 45,818 shares, compared to its average volume of 112,041. The company has a market capitalization of $16.28 billion, a PE ratio of 22.86 and a beta of 0.25. Secom has a 12 month low of $8.06 and a 12 month high of $11.02. The company has a current ratio of 2.60, a quick ratio of 2.43 and a debt-to-equity ratio of 0.03. The stock’s 50 day moving average price is $10.13 and its two-hundred day moving average price is $9.91.

Secom (OTCMKTS:SOMLY) last posted its earnings results on Friday, August 14th. The company reported $0.09 EPS for the quarter. Secom had a return on equity of 7.66% and a net margin of 8.81%.The business had revenue of $1.87 billion during the quarter.

Secom Company Profile

Secom Co, Ltd. is a Japanese security and safety services company that provides solutions for homes, businesses and public facilities. Its offerings include electronic security systems, monitoring services, access control, video surveillance, emergency response and security equipment, as well as facility and property management services.

Founded in 1962 as Nippon Keibi Hosho, Secom is recognized as one of Japan’s pioneering private security companies. Over time, it has expanded beyond traditional guarding and alarm services into fire protection, disaster prevention, medical and senior-care services, insurance, information and communication technology, and other safety-related businesses.

Secom serves customers throughout Japan and operates internationally through subsidiaries and affiliated companies in selected markets across Asia and other regions.