Short Interest in Yamaha Co. (OTCMKTS:YAMCY) Drops By 73.2%

Yamaha Co. (OTCMKTS:YAMCY) was the target of a large drop in short interest in the month of 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 daily trading volume, of 32,000 shares, the days-to-cover ratio is presently 0.1 days.

Yamaha Trading Up 2.2 %

Shares of OTCMKTS:YAMCY traded up $0.15 during trading on Wednesday, hitting $7.30. 1,808 shares of the company’s stock traded hands, compared to its average volume of 22,063. The company has a 50-day moving average price of $6.95 and a 200-day moving average price of $12.55. Yamaha has a 52 week low of $6.02 and a 52 week 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.