Nikon Co. (OTCMKTS:NINOY) Short Interest Down 91.7% in June

Nikon Co. (OTCMKTS:NINOY) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totalling 200 shares, a drop of 91.7% from the May 31st total of 2,400 shares. Based on an average daily volume of 4,300 shares, the days-to-cover ratio is presently 0.0 days.

Nikon Price Performance

Shares of Nikon stock traded up $0.11 during trading hours on Friday, reaching $10.08. The company’s stock had a trading volume of 2,768 shares, compared to its average volume of 8,576. The firm has a 50 day moving average price of $10.32 and a 200-day moving average price of $10.14. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.02 and a quick ratio of 1.16. The stock has a market cap of $3.49 billion, a P/E ratio of 15.75 and a beta of 0.56. Nikon has a one year low of $8.85 and a one year high of $13.65.

Nikon (OTCMKTS:NINOY) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.15 earnings per share for the quarter. The company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $866.29 million. Nikon had a return on equity of 4.85% and a net margin of 4.49%. On average, analysts predict that Nikon will post 0.57 EPS for the current 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.