Secom Co. (OTCMKTS:SOMLY) Sees Significant Drop in Short Interest

Secom Co. (OTCMKTS:SOMLY) was the target of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 64,383 shares, a decrease of 60.5% from the July 30th total of 162,790 shares. Based on an average daily trading volume, of 134,067 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.0% of the shares of the stock are short sold.

Secom Price Performance

SOMLY stock opened at $10.00 on Friday. The business has a 50 day simple moving average of $10.20 and a 200-day simple moving average of $9.80. The firm has a market capitalization of $16.18 billion, a PE ratio of 22.73 and a beta of 0.27. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.42 and a quick ratio of 2.27. Secom has a 1 year low of $8.06 and a 1 year high of $11.02.

Secom (OTCMKTS:SOMLY) last posted its earnings results on Friday, August 14th. The company reported $0.09 earnings per share for the quarter. Secom had a net margin of 8.81% and a return on equity of 7.61%. The company had revenue of $1.87 billion for the quarter.

Secom Company Profile

Secom Co, Ltd. is a leading provider of security and safety solutions based in Tokyo, Japan. The company’s core business centers on integrated security services, including electronic alarm systems, 24-hour monitoring, on-site guard services and emergency response. Secom also develops and installs access control systems, video surveillance equipment and intruder detection technologies designed for residential, commercial and government clients.

Founded in 1962, Secom introduced Japan’s first automated security alarm service and has since expanded its offerings to encompass a broad range of safety-related products.