Short Interest in Yamaha Co. (OTCMKTS:YAMCY) Increases By 69.7%

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

Analysts Set New Price Targets

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

Yamaha Price Performance

Shares of OTCMKTS YAMCY opened at $6.98 on Friday. Yamaha has a 52 week low of $6.33 and a 52 week high of $7.95. The business’s 50 day moving average price is $7.04 and its 200 day moving average price is $7.18. The firm has a market cap of $3.23 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.