Short Interest in Nikon Co. (OTCMKTS:NINOY) Declines By 22.2%

Nikon Co. (OTCMKTS:NINOY) was the target of a large drop in short interest in April. As of April 15th, there was short interest totalling 7,000 shares, a drop of 22.2% from the March 31st total of 9,000 shares. Based on an average daily volume of 7,100 shares, the days-to-cover ratio is currently 1.0 days.

Nikon Price Performance

OTCMKTS:NINOY traded down $0.44 during mid-day trading on Friday, reaching $10.26. 1,365 shares of the company were exchanged, compared to its average volume of 11,415. Nikon has a 12 month low of $8.85 and a 12 month high of $13.65. The company has a fifty day moving average of $10.25 and a 200 day moving average of $9.91. The company has a quick ratio of 1.09, a current ratio of 2.00 and a debt-to-equity ratio of 0.12. The stock has a market cap of $3.55 billion, a PE ratio of 16.82 and a beta of 0.56.

Nikon (OTCMKTS:NINOY) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.30 EPS for the quarter. Nikon had a net margin of 4.27% and a return on equity of 4.68%. The firm had revenue of $1.34 billion for the quarter. On average, research analysts anticipate that Nikon will post 0.57 EPS for the current fiscal year.

About Nikon

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.