Hoya Corp. (OTCMKTS:HOCPY) Stock Short Interest Rises 373.1%

Hoya Corp. (OTCMKTS:HOCPY) was the target of a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 27,102 shares, a growth of 373.1% from the October 15th total of 5,728 shares. Based on an average daily volume of 156,676 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Hoya Stock Up 0.0%

Shares of HOCPY stock opened at $150.79 on Friday. The company has a market capitalization of $50.49 billion, a price-to-earnings ratio of 28.60, a PEG ratio of 2.38 and a beta of 1.01. Hoya has a one year low of $139.85 and a one year high of $190.18. The company’s fifty day moving average price is $154.60 and its 200-day moving average price is $165.68. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.91 and a quick ratio of 4.20.

Hoya (OTCMKTS:HOCPY) last issued its earnings results on Friday, October 30th. The technology company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.05. The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.67 billion. Hoya had a net margin of 28.48% and a return on equity of 27.06%. Sell-side analysts expect that Hoya will post 5.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Hoya from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 30th. One research analyst has rated the stock with a Strong Buy rating. According to MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

Hoya Company Profile

HOYA Corporation is a Japan-based technology company that develops and manufactures products for the healthcare and information technology markets. Founded in 1941 as an optical glass manufacturer, the company has expanded its operations to serve customers around the world. HOYA’s healthcare products include eyeglass lenses, intraocular lenses and medical equipment such as endoscopes. Its information technology business supplies products used in semiconductor manufacturing and data storage, including photomasks, mask blanks and glass substrates for hard disk drives.