Yamaha Co. (OTCMKTS:YAMCY) Short Interest Up 69.7% in June

Yamaha Co. (OTCMKTS:YAMCY) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 112 shares, an increase of 69.7% from the May 31st total of 66 shares. Based on an average daily volume of 839 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

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

Yamaha Stock Down 2.1%

Yamaha stock opened at $6.64 on Thursday. Yamaha has a 12 month low of $6.33 and a 12 month high of $7.95. The company’s fifty day simple moving average is $7.07 and its 200-day simple moving average is $7.18. The stock has a market cap of $3.07 billion and a P/E ratio of 0.06.

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.