Hoya Corp. (OTCMKTS:HOCPY) Stock Short Interest Jumps 373.1%

Hoya Corp. (OTCMKTS:HOCPY) saw a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 27,102 shares, an increase of 373.1% from the October 15th total of 5,728 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 156,676 shares, the days-to-cover ratio is currently 0.2 days.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Hoya from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating. Based on data from MarketBeat, Hoya has a consensus rating of “Strong Buy”.

Hoya Stock Performance

Shares of OTCMKTS:HOCPY opened at $147.08 on Wednesday. The firm has a market capitalization of $49.25 billion, a PE ratio of 27.91, a P/E/G ratio of 3.12 and a beta of 1.01. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.91 and a quick ratio of 4.20. The business has a 50-day moving average of $154.72 and a two-hundred day moving average of $165.77. Hoya has a 12 month low of $139.85 and a 12 month high of $190.18.

Hoya (OTCMKTS:HOCPY) last released its quarterly earnings data on Friday, October 30th. The technology company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.05. The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.67 billion. Hoya had a return on equity of 27.06% and a net margin of 28.48%. As a group, research analysts forecast that Hoya will post 5.29 earnings per share for the current year.

Hoya Company Profile

HOYA Corporation is a Japan-based technology company that develops and manufactures products for the healthcare and information technology markets. Founded in 1941 as an optical glass manufacturer, the company has expanded its operations to serve customers around the world. HOYA’s healthcare products include eyeglass lenses, intraocular lenses and medical equipment such as endoscopes. Its information technology business supplies products used in semiconductor manufacturing and data storage, including photomasks, mask blanks and glass substrates for hard disk drives.