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

Yamaha Co. (OTCMKTS:YAMCY) saw a large drop in short interest in January. As of January 31st, there was short interest totalling 2,200 shares, a drop of 73.2% from the January 15th total of 8,200 shares. Based on an average trading volume of 32,000 shares, the days-to-cover ratio is currently 0.1 days.

Yamaha Trading Down 3.8 %

OTCMKTS YAMCY opened at $7.02 on Thursday. The firm’s 50 day moving average is $6.95 and its 200-day moving average is $12.55. Yamaha has a 12-month low of $6.02 and a 12-month high of $9.03.

About Yamaha

Yamaha Corporation, together with its subsidiaries, engages in the musical instruments, audio equipment, and other businesses in Japan and internationally. It manufactures and sells pianos; guitars; keyboards; strings; basses and amps; brass and woodwinds; marching instruments; drums; percussion instruments; music production tools; audio and visual products; and professional audio equipment under the Bösendorfer, Steinberg, Line 6, Ampeg, and Nexo brands.