Hoya Corp. (OTCMKTS:HOCPY) Stock Short Interest Jumps 373.1%

Hoya Corp. (OTCMKTS:HOCPY) was the target of a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 27,102 shares, a growth of 373.1% from the October 15th total of 5,728 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 156,676 shares, the short-interest ratio is presently 0.2 days.

Hoya Stock Performance

Hoya stock opened at $147.08 on Wednesday. The stock has a fifty day moving average price of $154.72 and a 200 day moving average price of $165.77. Hoya has a 52 week low of $139.85 and a 52 week high of $190.18. The firm has a market capitalization of $49.25 billion, a P/E ratio of 27.91, a PEG ratio of 3.12 and a beta of 1.01. The company has a current ratio of 4.91, a quick ratio of 4.20 and a debt-to-equity ratio of 0.03.

Hoya (OTCMKTS:HOCPY) last issued its quarterly earnings results on Friday, October 30th. The technology company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.05. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.67 billion. Hoya had a return on equity of 27.06% and a net margin of 28.48%. Equities research analysts anticipate that Hoya will post 5.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Hoya from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 30th. One research analyst has rated the stock with a Strong Buy rating. Based on data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.

About Hoya

HOYA Corporation is a Japan-based technology company that develops and manufactures products for the healthcare and information technology markets. Founded in 1941 as an optical glass manufacturer, the company has expanded its operations to serve customers around the world. HOYA’s healthcare products include eyeglass lenses, intraocular lenses and medical equipment such as endoscopes. Its information technology business supplies products used in semiconductor manufacturing and data storage, including photomasks, mask blanks and glass substrates for hard disk drives.