Topcon Co. (OTCMKTS:TOPCF) Sees Significant Increase in Short Interest

Topcon Co. (OTCMKTS:TOPCF) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 170,200 shares, an increase of 21.2% from the August 15th total of 140,400 shares. Based on an average daily volume of 100 shares, the short-interest ratio is presently 1,702.0 days.

Topcon Stock Performance

OTCMKTS TOPCF traded down $0.77 during trading on Monday, reaching $10.00. The company’s stock had a trading volume of 4,300 shares, compared to its average volume of 1,635. Topcon has a 12 month low of $8.52 and a 12 month high of $12.18. The firm has a 50 day moving average price of $10.43 and a 200 day moving average price of $11.10.

Topcon (OTCMKTS:TOPCF) last posted its earnings results on Tuesday, July 30th. The company reported ($0.06) earnings per share for the quarter. The company had revenue of $329.75 million for the quarter. Topcon had a net margin of 1.96% and a return on equity of 6.41%. Analysts anticipate that Topcon will post 0.51 earnings per share for the current year.

Topcon Company Profile

Topcon Corporation, together with its subsidiaries, develops, manufactures, and sells positioning, eye care, and smart infrastructure products in Japan and internationally. The company provides total station products, including automatic tracking, motor drive, manual, industrial measurement, and imaging stations, as well as layout navigator, millimeter GPS, 3D mobile measurement system and laser scanner, data collector, theodolite, electronic level, and rotating and pipe laser products.