Nikon Corp. (OTCMKTS:NINOY) Shares Shorted: Short Interest Down 94.4% in September

Nikon Corp. (OTCMKTS:NINOY) was the target of a large decline in short interest in September. As of September 30th, there was short interest totaling 37 shares, a decline of 94.4% from the September 15th total of 664 shares. Based on an average daily volume of 3,297 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Nikon Price Performance

OTCMKTS NINOY traded down $0.22 during midday trading on Friday, hitting $11.75. The company had a trading volume of 1,922 shares, compared to its average volume of 2,400. The firm has a 50-day moving average price of $12.01 and a 200-day moving average price of $12.39. The company has a market capitalization of $3.87 billion, a PE ratio of -6.28 and a beta of 0.52. The company has a current ratio of 1.91, a quick ratio of 0.92 and a debt-to-equity ratio of 0.21. Nikon has a twelve month low of $10.05 and a twelve month high of $15.00.

Nikon (OTCMKTS:NINOY) last released its earnings results on Thursday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.06. Nikon had a negative return on equity of 15.50% and a negative net margin of 13.88%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1 billion. As a group, analysts anticipate that Nikon will post 0.61 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Nikon to a “hold” rating in a report on Friday, September 25th. One investment analyst has rated the stock with a Hold rating. According to MarketBeat, the company currently has an average rating of “Hold”.

Nikon Company Profile

Nikon Corporation is a Japan-based optical and precision-equipment company whose roots date to 1917, when it was established as Nippon Kogaku Kogyo. The company is best known for its imaging products, including mirrorless and digital cameras, NIKKOR lenses, binoculars, rangefinders and other photographic equipment.

Nikon also develops precision technologies for industrial and scientific applications. Its businesses include semiconductor and flat-panel-display lithography systems, industrial and metrology equipment, microscopes, optical components and healthcare-related products and services.