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HOYA Co. (OTCMKTS:HOCPY) Sees Large Increase in Short Interest

HOYA logo with Computer and Technology background

HOYA Co. (OTCMKTS:HOCPY - Get Free Report) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 15,500 shares, a growth of 167.2% from the April 30th total of 5,800 shares. Approximately 0.0% of the company's shares are short sold. Based on an average daily trading volume, of 69,900 shares, the short-interest ratio is presently 0.2 days.

HOYA Stock Down 3.4%

HOYA stock traded down $4.09 during mid-day trading on Friday, reaching $116.98. 116,843 shares of the company were exchanged, compared to its average volume of 38,135. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.35 and a current ratio of 5.04. The firm has a market cap of $40.14 billion, a P/E ratio of 29.77, a PEG ratio of 2.38 and a beta of 0.93. The business has a fifty day moving average of $115.93 and a 200 day moving average of $122.88. HOYA has a 12-month low of $97.49 and a 12-month high of $148.27.

HOYA (OTCMKTS:HOCPY - Get Free Report) last issued its earnings results on Thursday, May 1st. The technology company reported $0.98 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.99 by ($0.01). HOYA had a net margin of 24.17% and a return on equity of 21.34%. The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.50 billion. Research analysts anticipate that HOYA will post 3.66 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Erste Group Bank upgraded HOYA from a "hold" rating to a "strong-buy" rating in a report on Friday, May 23rd.

Read Our Latest Stock Analysis on HOYA

About HOYA

(Get Free Report)

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.

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