Nikon Corp. (OTCMKTS:NINOY) Sees Large Decrease in Short Interest

Nikon Corp. (OTCMKTS:NINOY) was the target of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 664 shares, a decline of 55.9% from the August 31st total of 1,505 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 4,457 shares, the short-interest ratio is presently 0.1 days.

Nikon Stock Performance

Shares of Nikon stock traded down $0.05 on Wednesday, reaching $12.13. 109 shares of the stock were exchanged, compared to its average volume of 3,956. Nikon has a 1-year low of $10.05 and a 1-year high of $15.00. The company has a current ratio of 1.91, a quick ratio of 0.92 and a debt-to-equity ratio of 0.21. The business has a fifty day moving average price of $12.09 and a two-hundred day moving average price of $12.38. The firm has a market capitalization of $3.99 billion, a PE ratio of -6.49 and a beta of 0.48.

Nikon (OTCMKTS:NINOY) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.06. Nikon had a negative net margin of 13.88% and a negative return on equity of 15.50%. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1 billion. As a group, research analysts anticipate that Nikon will post 0.61 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Zacks Research raised Nikon to a “hold” rating in a report on Friday, September 25th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

Nikon Company Profile

Nikon Corporation is a Japan-based optical and precision technology company founded in 1917 as Nippon Kogaku K.K. The company is best known for its cameras, NIKKOR interchangeable lenses, binoculars, and other imaging products, serving professional photographers, content creators, consumers, and business customers worldwide.

Nikon also develops and supplies advanced equipment for semiconductor and flat-panel display manufacturing, including photolithography systems. Its business activities extend to healthcare products such as microscopes and ophthalmic equipment, as well as industrial metrology, measurement systems, optical components, and other precision technologies used in manufacturing and research.

Headquartered in Tokyo, Nikon serves customers through operations and sales networks across Japan, North America, Europe, and other international markets.