Nikon Co. (OTCMKTS:NINOY) Sees Significant Drop in Short Interest

Nikon Co. (OTCMKTS:NINOY) saw a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 600 shares, a decline of 25.0% from the February 28th total of 800 shares. Based on an average trading volume of 8,900 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Nikon Trading Down 1.5 %

Shares of OTCMKTS:NINOY traded down $0.16 during midday trading on Monday, hitting $9.89. The company had a trading volume of 2,452 shares, compared to its average volume of 2,009. The company has a current ratio of 1.88, a quick ratio of 0.96 and a debt-to-equity ratio of 0.12. Nikon has a 12 month low of $9.30 and a 12 month high of $13.07. The firm has a fifty day simple moving average of $10.54 and a 200 day simple moving average of $10.94. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of 38.02 and a beta of 0.47.

Nikon (OTCMKTS:NINOY) last issued its earnings results on Thursday, February 6th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.18). Nikon had a return on equity of 2.01% and a net margin of 1.98%. On average, analysts predict that Nikon will post 0.44 EPS for the current year.

Nikon Company Profile

Nikon Corporation manufactures and sells optical instruments in Japan, North America, Europe, China, Thailand, and internationally. It operates through Imaging Products Business, Precision Equipment Business, Healthcare Business, Components Business, and Industrial equipment and Others segments. The Imaging Products Business segment provides digital SLR cameras, compact digital cameras, and interchangeable camera lenses.