Nikon Corp. (OTCMKTS:NINOY) Stock Short Interest Report for September

Nikon Corp. (OTCMKTS:NINOY) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 37 shares, a drop of 94.4% from the September 15th total of 664 shares. Based on an average trading volume of 3,297 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Nikon to a “hold” rating in a research note on Friday, September 25th. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Nikon Price Performance

NINOY traded down $0.22 during trading on Friday, reaching $11.75. The stock had a trading volume of 1,922 shares, compared to its average volume of 2,400. The firm has a market capitalization of $3.87 billion, a price-to-earnings ratio of -6.28 and a beta of 0.52. The company has a quick ratio of 0.92, a current ratio of 1.91 and a debt-to-equity ratio of 0.21. Nikon has a 1-year low of $10.05 and a 1-year high of $15.00. The stock has a 50 day moving average of $12.01 and a two-hundred day moving average of $12.39.

Nikon (OTCMKTS:NINOY) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.06. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1 billion. Nikon had a negative return on equity of 15.50% and a negative net margin of 13.88%. As a group, equities analysts anticipate that Nikon will post 0.61 EPS for the current fiscal year.

About Nikon

Nikon Corporation is a Japan-based optical and precision-equipment company whose roots date to 1917, when it was established as Nippon Kogaku Kogyo. The company is best known for its imaging products, including mirrorless and digital cameras, NIKKOR lenses, binoculars, rangefinders and other photographic equipment.

Nikon also develops precision technologies for industrial and scientific applications. Its businesses include semiconductor and flat-panel-display lithography systems, industrial and metrology equipment, microscopes, optical components and healthcare-related products and services.