Short Interest in Hoya Corp. (OTCMKTS:HOCPY) Grows By 209.6%

Hoya Corp. (OTCMKTS:HOCPY) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 10,946 shares, an increase of 209.6% from the August 15th total of 3,535 shares. Based on an average daily trading volume, of 46,863 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

Hoya Trading Up 0.9%

Shares of Hoya stock traded up $1.26 on Friday, reaching $148.91. 29,564 shares of the company’s stock were exchanged, compared to its average volume of 29,016. The firm’s 50-day moving average is $156.42 and its two-hundred day moving average is $167.73. Hoya has a 52 week low of $134.32 and a 52 week high of $190.18. The company has a market capitalization of $49.86 billion, a P/E ratio of 29.55, a price-to-earnings-growth ratio of 3.07 and a beta of 0.96. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.20 and a current ratio of 4.91.

Hoya (OTCMKTS:HOCPY) last issued its earnings results on Friday, July 31st. The technology company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.13 by $0.10. Hoya had a return on equity of 25.78% and a net margin of 27.58%.The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.55 billion. Sell-side analysts predict that Hoya will post 5.26 EPS for the current fiscal year.

Hoya Company Profile

Hoya Corporation is a Japan-based global technology and healthcare company that develops and manufactures optical products. Its businesses serve the vision-care, medical, semiconductor and information-technology markets, with operations and customers in regions around the world.

Through its Life Care segment, Hoya provides prescription eyeglass lenses, contact lenses and related products, as well as medical equipment such as endoscopes and intraocular lenses used in ophthalmic procedures.