Nihon Kohden Co. (OTCMKTS:NHNKY) Sees Large Decline in Short Interest

Nihon Kohden Co. (OTCMKTS:NHNKY - Get Free Report) was the target of a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 700 shares, a drop of 50.0% from the March 15th total of 1,400 shares. Approximately 0.0% of the company's stock are sold short. Based on an average trading volume of 6,700 shares, the short-interest ratio is currently 0.1 days.

Nihon Kohden Stock Performance

OTCMKTS NHNKY traded up $0.83 on Monday, reaching $12.17. The company had a trading volume of 9,173 shares, compared to its average volume of 4,547. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 17.90 and a beta of 0.26. The company's fifty day moving average is $14.19 and its 200-day moving average is $14.27. Nihon Kohden has a 1-year low of $10.06 and a 1-year high of $20.00.

Nihon Kohden (OTCMKTS:NHNKY - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.30 earnings per share for the quarter. Nihon Kohden had a return on equity of 15.08% and a net margin of 7.71%.

About Nihon Kohden

Nihon Kohden Corporation engages in development, manufacturing, sale, maintenance, and consultation of medical electronic equipment, and related systems and products in Japan, Americas, Europe, rest of Asia, and internationally. It offers physiological measuring equipment comprising electrocardiographs, electroencephalographs, and polygraphs for Cath-labs; patient monitoring systems, such as beside and central monitors; and treatment equipment including defibrillators, automated external defibrillators, ventilators, and pacemakers.