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

Nikon Corp. (OTCMKTS:NINOY) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 1,505 shares, an increase of 84.2% from the August 15th total of 817 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 1,883 shares, the days-to-cover ratio is presently 0.8 days.

Nikon Trading Down 1.2%

Shares of NINOY traded down $0.14 during trading hours on Thursday, reaching $11.10. 572 shares of the company traded hands, compared to its average volume of 4,063. Nikon has a 12-month low of $10.05 and a 12-month high of $15.00. The firm has a market cap of $3.65 billion, a price-to-earnings ratio of -5.93 and a beta of 0.48. The stock’s fifty day moving average price is $12.52 and its 200 day moving average price is $12.45. 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 (OTCMKTS:NINOY) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.06. Nikon had a negative net margin of 13.88% and a negative return on equity of 15.50%. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1 billion.

Nikon Company Profile

Nikon Corporation is a Japan-based optical and precision technology company founded in 1917 as Nippon Kogaku K.K. The company is best known for its cameras, NIKKOR interchangeable lenses, binoculars, and other imaging products, serving professional photographers, content creators, consumers, and business customers worldwide.

Nikon also develops and supplies advanced equipment for semiconductor and flat-panel display manufacturing, including photolithography systems. Its business activities extend to healthcare products such as microscopes and ophthalmic equipment, as well as industrial metrology, measurement systems, optical components, and other precision technologies used in manufacturing and research.

Headquartered in Tokyo, Nikon serves customers through operations and sales networks across Japan, North America, Europe, and other international markets.