Nikon Corp. (OTCMKTS:NINOY) Sees Significant Decline in Short Interest

Key Points

• Short interest plunged 52.9% in March to 1,355 shares (short-interest ratio 1.4 days), leaving approximately 0.0% of Nikon's shares sold short.
• Zacks upgraded Nikon from "strong sell" to "hold"; two analysts now rate the stock "Hold" and the consensus rating is "Hold."
• Nikon posted a large quarterly earnings miss—EPS of ($1.83) vs. $0.16 expected—with negative return on equity and net margin, and revenue below estimates.

Nikon Corp. (OTCMKTS:NINOY - 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 totaling 1,355 shares, a drop of 52.9% from the March 15th total of 2,877 shares. Based on an average trading volume of 962 shares, the short-interest ratio is currently 1.4 days. Approximately 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Nikon from a "strong sell" rating to a "hold" rating in a research report on Monday, January 5th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Nikon currently has an average rating of "Hold".

Nikon Stock Up 0.2%

NINOY opened at $12.21 on Friday. The company has a current ratio of 1.78, a quick ratio of 0.83 and a debt-to-equity ratio of 0.20. Nikon has a 1-year low of $9.09 and a 1-year high of $13.00. The company has a market capitalization of $4.02 billion, a PE ratio of -7.14 and a beta of 0.57. The firm's 50 day simple moving average is $12.39 and its two-hundred day simple moving average is $11.92.

Nikon (OTCMKTS:NINOY - Get Free Report) last released its quarterly earnings results on Thursday, February 5th. The company reported ($1.83) earnings per share for the quarter, missing the consensus estimate of $0.16 by ($1.99). Nikon had a negative return on equity of 13.39% and a negative net margin of 12.31%.The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.15 billion. As a group, equities analysts forecast that Nikon will post 0.44 EPS for the current year.

About Nikon

Nikon Corporation is a Tokyo‐based multinational company specializing in the design and manufacture of optics and imaging products. Since its founding in 1917 as Nippon Kogaku K.K., Nikon has built a global reputation for precision optical and imaging technologies. The company operates across multiple segments, including Digital Imaging, Precision Equipment, Healthcare, and Industrial Metrology, serving both consumer and industrial markets.

In its Digital Imaging division, Nikon produces a wide range of cameras—from entry­-level point-and-shoot models to professional DSLRs and mirrorless systems—supported by an extensive lineup of NIKKOR interchangeable lenses and accessories.

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