Nikon Corp. (OTCMKTS:NINOY) Sees Significant Drop in Short Interest

Nikon Corp. (OTCMKTS:NINOY) saw a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 913 shares, a drop of 23.7% from the January 15th total of 1,197 shares. Based on an average daily volume of 4,320 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 4,320 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Nikon from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

Nikon Trading Up 2.2%

Shares of OTCMKTS:NINOY opened at $13.00 on Friday. The company has a 50 day moving average of $11.75 and a 200-day moving average of $11.45. The company has a current ratio of 1.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.18. The firm has a market cap of $4.28 billion, a P/E ratio of -7.60 and a beta of 0.59. Nikon has a twelve month low of $8.50 and a twelve month high of $13.00.

Nikon (OTCMKTS:NINOY) last announced its earnings results on Thursday, February 5th. The company reported ($1.83) EPS for the quarter, missing the consensus estimate of $0.16 by ($1.99). The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.15 billion. Nikon had a negative return on equity of 12.92% and a negative net margin of 12.31%. As a group, analysts anticipate that Nikon will post 0.44 earnings per share for the current fiscal year.

About Nikon

Nikon Corporation is a Tokyo‐based multinational company specializing in the design and manufacture of optics and imaging products. Since its founding in 1917 as Nippon Kogaku K.K., Nikon has built a global reputation for precision optical and imaging technologies. The company operates across multiple segments, including Digital Imaging, Precision Equipment, Healthcare, and Industrial Metrology, serving both consumer and industrial markets.

In its Digital Imaging division, Nikon produces a wide range of cameras—from entry­-level point-and-shoot models to professional DSLRs and mirrorless systems—supported by an extensive lineup of NIKKOR interchangeable lenses and accessories.