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

Nikon Co. (OTCMKTS:NINOY - Get Free Report) saw a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 800 shares, a growth of 14.3% from the January 15th total of 700 shares. Based on an average trading volume of 2,100 shares, the short-interest ratio is currently 0.4 days.

Nikon Price Performance

NINOY traded down $0.21 during midday trading on Thursday, hitting $10.00. 454 shares of the company traded hands, compared to its average volume of 1,574. The company has a market capitalization of $3.46 billion, a price-to-earnings ratio of 38.46 and a beta of 0.54. The business has a 50 day simple moving average of $10.50 and a two-hundred day simple moving average of $10.91. 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 52-week low of $9.30 and a 52-week high of $13.07.

Nikon (OTCMKTS:NINOY - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.06 earnings per share 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, equities analysts forecast that Nikon will post 0.44 earnings per share for the current fiscal 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.