Nihon Kohden Corporation (OTCMKTS:NHNKY) Sees Significant Drop in Short Interest

Nihon Kohden Corporation (OTCMKTS:NHNKY) was the target of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 21,619 shares, a decrease of 90.5% from the April 15th total of 226,933 shares. Based on an average daily trading volume, of 54,689 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

NHNKY has been the subject of a number of analyst reports. Zacks Research raised shares of Nihon Kohden to a “hold” rating in a report on Monday, April 27th. UBS Group upgraded Nihon Kohden from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 19th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy”.

Nihon Kohden Trading Up 1.6%

Shares of OTCMKTS:NHNKY traded up $0.15 during mid-day trading on Monday, reaching $9.27. The stock had a trading volume of 10,663 shares, compared to its average volume of 40,974. The firm has a 50 day simple moving average of $9.58 and a two-hundred day simple moving average of $10.60. Nihon Kohden has a twelve month low of $8.93 and a twelve month high of $14.21. The firm has a market cap of $1.58 billion, a PE ratio of 18.18 and a beta of 0.41.

Nihon Kohden (OTCMKTS:NHNKY) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.16 earnings per share (EPS) for the quarter. Nihon Kohden had a net margin of 5.32% and a return on equity of 7.25%. The firm had revenue of $362.86 million during the quarter. On average, equities analysts anticipate that Nihon Kohden will post 0.48 EPS for the current fiscal year.

About Nihon Kohden

Nihon Kohden Corporation is a Tokyo-based manufacturer of medical electronic equipment, founded in 1951. The company has built a reputation for innovation in patient monitoring and diagnostic systems, developing one of Japan’s earliest electrocardiogram (ECG) machines and pioneering transistor-based oscilloscopes for clinical use. Over the decades, Nihon Kohden has expanded its product portfolio to address a wide range of healthcare needs, from emergency response to intensive care and neurology.

The company’s core offerings include patient monitors, ECG and electroencephalograph (EEG) devices, defibrillators, infusion pumps, and neuromonitoring systems.