Topcon Co. (OTCMKTS:TOPCF) Sees Significant Increase in Short Interest

Topcon Co. (OTCMKTS:TOPCF) was the target of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 286,600 shares, a growth of 74.2% from the October 31st total of 164,500 shares. Based on an average daily trading volume, of 200 shares, the days-to-cover ratio is presently 1,433.0 days.

Topcon Stock Performance

Shares of Topcon stock remained flat at $10.13 on Friday. The stock has a fifty day moving average of $10.70 and a two-hundred day moving average of $10.78. Topcon has a fifty-two week low of $8.71 and a fifty-two week high of $12.18. The company has a current ratio of 1.59, a quick ratio of 0.88 and a debt-to-equity ratio of 0.34.

Topcon (OTCMKTS:TOPCF) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.08 EPS for the quarter. Topcon had a return on equity of 7.51% and a net margin of 2.06%. The company had revenue of $363.55 million during the quarter.

Topcon Company Profile

Topcon Corporation, together with its subsidiaries, develops, manufactures, and sells positioning, eye care, and smart infrastructure products in Japan and internationally. The company provides total station products, including automatic tracking, motor drive, manual, industrial measurement, and imaging stations, as well as layout navigator, millimeter GPS, 3D mobile measurement system and laser scanner, data collector, theodolite, electronic level, and rotating and pipe laser products.