Nikon Corp. (OTCMKTS:NINOY) Sees Significant Decrease in Short Interest

Nikon Corp. (OTCMKTS:NINOY) was the target of a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 913 shares, a decrease of 23.7% from the January 15th total of 1,197 shares. Based on an average trading volume of 4,320 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are sold short. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 4,320 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Nikon from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Nikon Price Performance

OTCMKTS NINOY traded up $0.28 on Monday, reaching $13.00. 65 shares of the company’s stock traded hands, compared to its average volume of 1,791. The stock has a market cap of $4.28 billion, a PE ratio of -7.60 and a beta of 0.59. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.89 and a quick ratio of 0.89. Nikon has a 12 month low of $8.50 and a 12 month high of $13.00. The stock has a 50-day simple moving average of $11.75 and a 200 day simple moving average of $11.46.

Nikon (OTCMKTS:NINOY) last issued its earnings results on Thursday, February 5th. The company reported ($1.83) earnings per share for the quarter, missing the consensus estimate of $0.16 by ($1.99). Nikon had a negative net margin of 12.31% and a negative return on equity of 12.92%. The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.15 billion. As a group, research analysts predict that Nikon will post 0.44 earnings per share for the current year.

Nikon Company Profile

Nikon Corporation is a Tokyo‐based multinational company specializing in the design and manufacture of optics and imaging products. Since its founding in 1917 as Nippon Kogaku K.K., Nikon has built a global reputation for precision optical and imaging technologies. The company operates across multiple segments, including Digital Imaging, Precision Equipment, Healthcare, and Industrial Metrology, serving both consumer and industrial markets.

In its Digital Imaging division, Nikon produces a wide range of cameras—from entry­-level point-and-shoot models to professional DSLRs and mirrorless systems—supported by an extensive lineup of NIKKOR interchangeable lenses and accessories.