Short Interest in Nihon Kohden Corporation (OTCMKTS:NHNKY) Decreases By 52.9%

Key Points

• Nihon Kohden Corporation experienced a significant decline in short interest, dropping by 52.9% to 3,200 shares in July.
• The company reported a net margin of 5.77% and earnings of $0.01 per share for the latest quarter, with revenues of $346.24 million.
• Nihon Kohden's share price fell 6.6% to $11.18, and its market capitalization now stands at $1.91 billion.

Nihon Kohden Corporation (OTCMKTS:NHNKY - Get Free Report) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 3,200 shares, adeclineof52.9% from the July 15th total of 6,800 shares. Approximately0.0% of the shares of the company are sold short. Based on an average trading volume of 8,900 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 8,900 shares, the days-to-cover ratio is currently 0.4 days. Approximately0.0% of the shares of the company are sold short.

Nihon Kohden Stock Up 6.2%

NHNKY stock traded up $0.67 during midday trading on Friday, hitting $11.54. The company's stock had a trading volume of 4,777 shares, compared to its average volume of 5,509. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 21.37 and a beta of 0.34. Nihon Kohden has a 12 month low of $9.86 and a 12 month high of $17.28. The company has a 50 day moving average of $11.98 and a two-hundred day moving average of $12.91.

Nihon Kohden (OTCMKTS:NHNKY - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $346.24 million during the quarter. Nihon Kohden had a return on equity of 6.80% and a net margin of 5.77%.

Nihon Kohden Company Profile

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.