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

Suzuki Motor Co. (OTCMKTS:SZKMY) was the recipient of a significant drop in short interest during 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 trading volume of 106,700 shares, the short-interest ratio is currently 0.2 days.

Analysts Set New Price Targets

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

Suzuki Motor Trading Up 0.2 %

Shares of OTCMKTS SZKMY traded up $0.09 during mid-day trading on Tuesday, hitting $48.03. 24,838 shares of the company traded hands, compared to its average volume of 52,483. The business has a 50 day moving average of $44.92 and a two-hundred day moving average of $44.12. The stock has a market capitalization of $23.59 billion, a price-to-earnings ratio of 13.60 and a beta of 1.14. Suzuki Motor has a 1 year low of $34.20 and a 1 year high of $50.32. The company has a quick ratio of 1.22, a current ratio of 1.61 and a debt-to-equity ratio of 0.16.

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

About Suzuki Motor

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.