Hoya Corp. (OTCMKTS:HOCPY) Sees Large Drop in Short Interest

Hoya Corp. (OTCMKTS:HOCPY - Get Free Report) was the target of a large decline in short interest during the month of May. As of May 31st, there was short interest totalling 8,000 shares, a decline of 48.4% from the May 15th total of 15,500 shares. Approximately 0.0% of the company's stock are short sold. Based on an average daily volume of 60,900 shares, the short-interest ratio is presently 0.1 days.

Hoya Stock Performance

Shares of OTCMKTS HOCPY traded up $4.40 during mid-day trading on Wednesday, hitting $117.59. The company had a trading volume of 21,564 shares, compared to its average volume of 27,506. The firm has a market cap of $40.35 billion, a P/E ratio of 30.86, a PEG ratio of 2.24 and a beta of 0.91. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.90 and a quick ratio of 4.21. Hoya has a 12 month low of $97.49 and a 12 month high of $148.27. The business's 50-day simple moving average is $117.89 and its 200-day simple moving average is $121.84.

Hoya (OTCMKTS:HOCPY - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The technology company reported $0.98 EPS for the quarter, missing analysts' consensus estimates of $0.99 by ($0.01). The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.50 billion. Hoya had a return on equity of 20.43% and a net margin of 23.22%. As a group, analysts predict that Hoya will post 3.66 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Erste Group Bank raised shares of Hoya from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 23rd.

Hoya Company Profile

HOYA Corporation, a med-tech company, provides high-tech and medical products worldwide. It operates through three segments: Life Care, Telecommunication, and Other. The company offers life care products, including eyeglass and contact lenses; medical endoscopes; intraocular lenses; laparoscopic surgical instruments; automatic endoscope cleaning equipment; and other medical related products, such as prosthetic ceramic fillers and metallic implants for orthopedics.