Nikon Corp. (OTCMKTS:NINOY) Short Interest Down 71.7% in April

Key Points

• Short interest plunged 71.7% in April to 384 shares from 1,355, leaving a very low short-interest ratio of 0.4 days and effectively 0.0% of shares sold short.
• Nikon posted a significant earnings miss, reporting ($1.83) EPS vs. a $0.16 consensus and revenue of $1.09 billion vs. $1.15 billion, resulting in negative net margin and return on equity.
• The stock opened at $10.46 (down 2.2%), has a market cap of $3.44 billion and a negative P/E, while analysts have an average rating of “Hold” after Zacks upgraded from “strong sell.”

Nikon Corp. (OTCMKTS:NINOY - Get Free Report) was the recipient of a large decrease in short interest during the month of April. As of April 15th, there was short interest totaling 384 shares, a decrease of 71.7% from the March 31st total of 1,355 shares. Based on an average daily volume of 915 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the shares of the stock are sold short.

Nikon Stock Down 2.2%

Shares of OTCMKTS:NINOY opened at $10.46 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.78 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $3.44 billion, a P/E ratio of -6.12 and a beta of 0.57. Nikon has a 52-week low of $9.09 and a 52-week high of $13.00. The stock's fifty day simple moving average is $12.28 and its 200-day simple moving average is $11.93.

Nikon (OTCMKTS:NINOY - Get Free Report) last announced its 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 net margin of 12.31% and a negative return on equity of 13.39%. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.15 billion.

Wall Street Analysts Forecast Growth

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

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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