Yamaha Co. (OTCMKTS:YAMCY) Sees Significant Decline in Short Interest

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

Yamaha Price Performance

YAMCY stock opened at $7.75 on Friday. The company has a fifty day moving average price of $7.14 and a 200 day moving average price of $7.24. Yamaha has a 12 month low of $6.33 and a 12 month high of $8.00. The company has a market cap of $3.59 billion and a price-to-earnings ratio of 0.06.

Wall Street Analyst Weigh In

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

About Yamaha

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.