Olympus Co. (OTCMKTS:OLYMY – Get Free Report) was the target of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 64,672 shares, a drop of 54.1% from the April 30th total of 141,005 shares. Based on an average daily volume of 183,030 shares, the short-interest ratio is currently 0.4 days.
Olympus Trading Up 1.4%
Shares of OTCMKTS OLYMY traded up $0.16 during mid-day trading on Monday, hitting $11.25. The company had a trading volume of 81,497 shares, compared to its average volume of 119,554. Olympus has a 12 month low of $8.08 and a 12 month high of $13.84. The firm’s 50 day simple moving average is $10.20 and its two-hundred day simple moving average is $11.24.
About Olympus
Olympus Corporation is a Tokyo-based manufacturer specializing in precision technology for the medical, scientific and industrial markets. Established in 1919, the company has built an international reputation for optical and digital imaging solutions that encompass endoscopic systems, microscopes, cameras and related accessories. Olympus leverages its expertise in optics, mechanics and electronics to develop instruments designed to advance diagnostics and scientific discovery.
In the healthcare sector, Olympus is best known for its endoscopy products and therapeutic solutions that support minimally invasive procedures in gastroenterology, pulmonology and urology.
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