Nikon Corp. (OTCMKTS:NINOY) Sees Significant Growth in Short Interest

Nikon Corp. (OTCMKTS:NINOY) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 3,828 shares, an increase of 748.8% from the April 30th total of 451 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 6,951 shares, the days-to-cover ratio is presently 0.6 days.

Nikon Price Performance

OTCMKTS NINOY opened at $11.93 on Thursday. Nikon has a 52 week low of $9.09 and a 52 week high of $15.00. The company has a market cap of $3.93 billion, a PE ratio of -7.06 and a beta of 0.49. The company has a quick ratio of 0.83, a current ratio of 1.78 and a debt-to-equity ratio of 0.20. The firm’s 50-day simple moving average is $12.17 and its two-hundred day simple moving average is $11.98.

Nikon (OTCMKTS:NINOY) last announced its quarterly earnings results on Friday, May 8th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.05). Nikon had a negative return on equity of 13.20% and a negative net margin of 12.40%.The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.17 billion.

Nikon Company Profile

Nikon Corporation is a Tokyo?based multinational company specializing in the design and manufacture of optics and imaging products. Since its founding in 1917 as Nippon Kogaku K.K., Nikon has built a global reputation for precision optical and imaging technologies. The company operates across multiple segments, including Digital Imaging, Precision Equipment, Healthcare, and Industrial Metrology, serving both consumer and industrial markets.

In its Digital Imaging division, Nikon produces a wide range of cameras—from entry­-level point-and-shoot models to professional DSLRs and mirrorless systems—supported by an extensive lineup of NIKKOR interchangeable lenses and accessories.