Nikon Co. (OTCMKTS:NINOY) Sees Large Decline in Short Interest

Nikon Co. (OTCMKTS:NINOY) was the recipient of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 600 shares, a decrease of 25.0% from the February 28th total of 800 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 8,900 shares, the days-to-cover ratio is currently 0.1 days.

Nikon Stock Performance

OTCMKTS:NINOY traded up $0.24 during trading hours on Tuesday, reaching $10.12. The company had a trading volume of 684 shares, compared to its average volume of 1,987. Nikon has a 52 week low of $9.30 and a 52 week high of $13.07. The firm’s 50 day moving average price is $10.53 and its 200-day moving average price is $10.94. The company has a current ratio of 1.88, a quick ratio of 0.96 and a debt-to-equity ratio of 0.12. The firm has a market cap of $3.51 billion, a price-to-earnings ratio of 38.92 and a beta of 0.47.

Nikon (OTCMKTS:NINOY) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.18). Nikon had a net margin of 1.98% and a return on equity of 2.01%. On average, analysts forecast that Nikon will post 0.44 EPS for the current year.

Nikon Company Profile

Nikon Corporation manufactures and sells optical instruments in Japan, North America, Europe, China, Thailand, and internationally. It operates through Imaging Products Business, Precision Equipment Business, Healthcare Business, Components Business, and Industrial equipment and Others segments. The Imaging Products Business segment provides digital SLR cameras, compact digital cameras, and interchangeable camera lenses.