Hoya Corp. (OTCMKTS:HOCPY) Shares Shorted: Short Interest Down 47.2% in September

Hoya Corp. (OTCMKTS:HOCPY) was the target of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 5,783 shares, a decrease of 47.2% from the August 31st total of 10,946 shares. Based on an average daily trading volume, of 90,876 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Hoya Stock Up 1.8%

Hoya stock traded up $2.69 during trading hours on Thursday, reaching $152.44. The stock had a trading volume of 28,827 shares, compared to its average volume of 36,289. The business’s 50 day moving average price is $153.99 and its 200-day moving average price is $164.65. 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 has a 52 week low of $138.88 and a 52 week high of $190.18. The company has a market cap of $51.04 billion, a price-to-earnings ratio of 30.25, a PEG ratio of 3.10 and a beta of 0.96.

Hoya (OTCMKTS:HOCPY) last posted its quarterly earnings results on Friday, July 31st. The technology company reported $1.23 earnings per share 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 business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.55 billion. Sell-side analysts anticipate that Hoya will post 5.26 EPS for the current year.

Hoya Company Profile

Hoya Corporation (OTCMKTS:HOCPY) is a Japan-based technology and healthcare company that develops and manufactures optical products and precision components. Its businesses serve the vision care, medical, semiconductor, and imaging industries.

Hoya’s life-care products include eyeglass lenses, contact lens-care products, intraocular lenses used in cataract surgery, and medical equipment such as endoscopic systems. The company also provides optical components and related products for cameras, microscopes, and other imaging applications.

Through its information-technology businesses, Hoya supplies photomasks and other high-precision materials used in semiconductor manufacturing, as well as glass substrates and optical components for data storage and communications applications.