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

Nikon Corp. (OTCMKTS:NINOY) was the target of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 2,877 shares, a growth of 22.0% from the February 26th total of 2,358 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 1,367 shares, the days-to-cover ratio is currently 2.1 days.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Nikon from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Nikon Stock Performance

NINOY opened at $11.73 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.83 and a current ratio of 1.78. The company has a market cap of $3.86 billion, a PE ratio of -6.86 and a beta of 0.57. The stock has a 50-day moving average of $12.41 and a 200-day moving average of $11.91. Nikon has a 52-week low of $8.50 and a 52-week high of $13.00.

Nikon (OTCMKTS:NINOY) last posted its earnings results on Thursday, February 5th. The company reported ($1.83) earnings per share for the quarter, missing the consensus estimate of $0.16 by ($1.99). Nikon had a negative return on equity of 13.39% and a negative net margin of 12.31%.The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.15 billion. As a group, equities research analysts forecast that Nikon will post 0.44 earnings per share for the current fiscal year.

About Nikon

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.