Short Interest in Nikon Co. (OTCMKTS:NINOY) Decreases By 22.2%

Nikon Co. (OTCMKTS:NINOY) was the recipient of a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 7,000 shares, a drop of 22.2% from the March 31st total of 9,000 shares. Based on an average daily volume of 7,100 shares, the short-interest ratio is presently 1.0 days.

Nikon Stock Performance

Shares of NINOY traded down $0.44 during midday trading on Friday, reaching $10.26. 1,365 shares of the stock were exchanged, compared to its average volume of 11,415. The company has a market capitalization of $3.55 billion, a price-to-earnings ratio of 16.82 and a beta of 0.56. Nikon has a twelve month low of $8.85 and a twelve month high of $13.65. The business’s 50-day moving average price is $10.25 and its 200 day moving average price is $9.91. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.00 and a quick ratio of 1.09.

Nikon (OTCMKTS:NINOY) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.30 earnings per share for the quarter. Nikon had a return on equity of 4.68% and a net margin of 4.27%. The company had revenue of $1.34 billion for the quarter. On average, sell-side analysts expect that Nikon will post 0.57 EPS for the current fiscal year.

About Nikon

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.