Short Interest in Suzuki Motor Co. (OTCMKTS:SZKMY) Declines By 91.5%

Suzuki Motor Co. (OTCMKTS:SZKMY) saw a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 16,600 shares, a drop of 91.5% from the December 31st total of 196,400 shares. Based on an average daily trading volume, of 106,700 shares, the short-interest ratio is presently 0.2 days.

Suzuki Motor Stock Up 1.7 %

Shares of SZKMY traded up $0.80 during midday trading on Thursday, hitting $48.62. 27,158 shares of the company’s stock traded hands, compared to its average volume of 52,054. Suzuki Motor has a 1 year low of $34.20 and a 1 year high of $50.38. The firm’s fifty day moving average is $45.14 and its 200-day moving average is $44.15. The company has a current ratio of 1.61, a quick ratio of 1.22 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $23.88 billion, a price-to-earnings ratio of 13.60 and a beta of 1.14.

Suzuki Motor (OTCMKTS:SZKMY) last released its quarterly earnings results on Friday, November 8th. The company reported $1.44 EPS for the quarter. The business had revenue of $9.39 billion during the quarter. As a group, sell-side analysts anticipate that Suzuki Motor will post 5.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Macquarie raised shares of Suzuki Motor from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th.

Suzuki Motor Company Profile

Suzuki Motor Corporation engages in the manufacturing and marketing of automobiles, motorcycles, and marine products in Japan, rest of Asia, Europe, North America, and internationally. It offers mini-vehicles, sub-compact vehicles, standard-sized vehicles, outboard motors, motorized wheelchairs, and electro senior vehicles.