Short Interest in Olympus Co. (OTCMKTS:OLYMY) Drops By 39.6%

Olympus Co. (OTCMKTS:OLYMY) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 39,080 shares, a drop of 39.6% from the May 14th total of 64,672 shares. Based on an average daily trading volume, of 185,604 shares, the short-interest ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group lowered Olympus from a “buy” rating to a “neutral” rating in a research note on Monday. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Olympus currently has an average rating of “Hold”.

Olympus Price Performance

OLYMY traded down $0.27 during midday trading on Tuesday, reaching $10.42. 1,927 shares of the company were exchanged, compared to its average volume of 114,481. Olympus has a one year low of $8.08 and a one year high of $13.73. The stock’s 50-day simple moving average is $10.59 and its 200 day simple moving average is $11.09.

Olympus Company Profile

Olympus Corporation is a Tokyo-based manufacturer specializing in precision technology for the medical, scientific and industrial markets. Established in 1919, the company has built an international reputation for optical and digital imaging solutions that encompass endoscopic systems, microscopes, cameras and related accessories. Olympus leverages its expertise in optics, mechanics and electronics to develop instruments designed to advance diagnostics and scientific discovery.

In the healthcare sector, Olympus is best known for its endoscopy products and therapeutic solutions that support minimally invasive procedures in gastroenterology, pulmonology and urology.