Nikon Corp. (OTCMKTS:NINOY) Short Interest Up 84.2% in August

Nikon Corp. (OTCMKTS:NINOY) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 1,505 shares, an increase of 84.2% from the August 15th total of 817 shares. Based on an average daily trading volume, of 1,883 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.0% of the company’s stock are short sold.

Nikon Stock Up 1.7%

NINOY traded up $0.18 during trading hours on Wednesday, hitting $11.23. 139 shares of the company’s stock were exchanged, compared to its average volume of 4,102. The stock has a market cap of $3.70 billion, a price-to-earnings ratio of -6.01 and a beta of 0.48. Nikon has a 1-year low of $10.05 and a 1-year high of $15.00. The stock’s 50-day moving average is $12.55 and its two-hundred day moving average is $12.46. The company has a quick ratio of 0.92, a current ratio of 1.91 and a debt-to-equity ratio of 0.21.

Nikon (OTCMKTS:NINOY) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.06. Nikon had a negative net margin of 13.88% and a negative return on equity of 15.50%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1 billion.

About Nikon

Nikon Corporation is a Japan-based optical and precision technology company founded in 1917 as Nippon Kogaku K.K. The company is best known for its cameras, NIKKOR interchangeable lenses, binoculars, and other imaging products, serving professional photographers, content creators, consumers, and business customers worldwide.

Nikon also develops and supplies advanced equipment for semiconductor and flat-panel display manufacturing, including photolithography systems. Its business activities extend to healthcare products such as microscopes and ophthalmic equipment, as well as industrial metrology, measurement systems, optical components, and other precision technologies used in manufacturing and research.

Headquartered in Tokyo, Nikon serves customers through operations and sales networks across Japan, North America, Europe, and other international markets.