Nikon Co. (OTCMKTS:NINOY) Sees Large Drop in Short Interest

Nikon Co. (OTCMKTS:NINOY) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totalling 200 shares, a decline of 91.7% from the May 31st total of 2,400 shares. Based on an average daily trading volume, of 4,300 shares, the short-interest ratio is currently 0.0 days.

Nikon Stock Up 1.1 %

NINOY stock opened at $10.08 on Friday. The company has a current ratio of 2.02, a quick ratio of 1.16 and a debt-to-equity ratio of 0.11. The company’s 50 day moving average is $10.32 and its two-hundred day moving average is $10.14. Nikon has a twelve month low of $8.85 and a twelve month high of $13.65. The stock has a market cap of $3.49 billion, a P/E ratio of 15.59 and a beta of 0.56.

Nikon (OTCMKTS:NINOY) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.15 earnings per share (EPS) for the quarter. Nikon had a net margin of 4.49% and a return on equity of 4.85%. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $866.29 million. Research analysts expect that Nikon will post 0.57 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.