Short Interest in Nihon Kohden Co. (OTCMKTS:NHNKY) Declines By 83.9%

Nihon Kohden Co. (OTCMKTS:NHNKY - Get Free Report) was the target of a large decrease in short interest during the month of May. As of May 15th, there was short interest totalling 3,300 shares, a decrease of 83.9% from the April 30th total of 20,500 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 14,000 shares, the days-to-cover ratio is presently 0.2 days.

Nihon Kohden Price Performance

OTCMKTS NHNKY traded down $0.07 during trading on Friday, reaching $11.95. The company's stock had a trading volume of 11,259 shares, compared to its average volume of 5,833. The stock has a market capitalization of $2.04 billion, a PE ratio of 17.57 and a beta of 0.32. The firm has a fifty day moving average of $12.23 and a 200 day moving average of $13.72. Nihon Kohden has a one year low of $9.86 and a one year high of $20.00.

Nihon Kohden (OTCMKTS:NHNKY - Get Free Report) last announced its earnings results on Tuesday, May 13th. The company reported $0.18 earnings per share for the quarter. The business had revenue of $439.11 million 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.