Hoya Corp. (OTCMKTS:HOCPY) Short Interest Update

Key Points

• Hoya Corp. experienced a 38.5% increase in short interest in August, rising to a total of 10,800 shares by August 31st.
• The company reported earnings per share of $1.05 for the last quarter, exceeding analysts' expectations by $0.01, with revenues also surpassing projections at $1.53 billion.
• Analysts have given Hoya a consensus rating of "Strong Buy", with multiple firms, including Nomura and Goldman Sachs, upgrading their ratings recently.

Hoya Corp. (OTCMKTS:HOCPY - Get Free Report) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 10,800 shares, an increase of 38.5% from the August 15th total of 7,800 shares. Based on an average daily volume of 27,300 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the company's shares are sold short. Currently, 0.0% of the company's shares are sold short. Based on an average daily volume of 27,300 shares, the short-interest ratio is presently 0.4 days.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. The Goldman Sachs Group upgraded Hoya from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 23rd. Nomura Securities upgraded Hoya to a "strong-buy" rating in a research report on Monday, August 18th. Finally, Erste Group Bank upgraded Hoya from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, Hoya presently has a consensus rating of "Strong Buy".

Hoya Stock Down 3.6%

OTCMKTS HOCPY traded down $5.18 on Friday, reaching $139.58. 15,088 shares of the stock traded hands, compared to its average volume of 28,431. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.46 and a current ratio of 5.19. The company has a fifty day moving average price of $131.68 and a 200-day moving average price of $121.75. The company has a market cap of $47.89 billion, a price-to-earnings ratio of 34.89, a PEG ratio of 2.98 and a beta of 0.94. Hoya has a 12 month low of $97.49 and a 12 month high of $150.08.

Hoya (OTCMKTS:HOCPY - Get Free Report) last issued its earnings results on Friday, August 1st. The technology company reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates of $1.04 by $0.01. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.47 billion. Hoya had a return on equity of 21.01% and a net margin of 23.57%. As a group, research analysts forecast that Hoya will post 3.66 EPS for the current fiscal year.

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.