Nikon Corp. (OTCMKTS:NINOY) Stock Short Interest Climbs 18,159.5%

Key Points

• Nikon’s short interest surged 18,159.5% to 6,756 shares as of October 15, up from just 37 shares on September 30. Short interest still represented approximately 0.0% of shares outstanding, with a short-interest ratio of 1.9 days.
• Nikon shares fell 1.0% to $10.90 during Monday trading, below both the 50-day and 200-day moving averages. The stock has traded between $10.05 and $15.00 over the past year.
• Zacks Research raised Nikon to a “Hold” rating, matching the company’s overall average analyst rating. In its latest quarter, Nikon reported $0.02 in earnings per share and $1.04 billion in revenue, exceeding consensus estimates.

Nikon Corp. (OTCMKTS:NINOY - Get Free Report) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 6,756 shares, a growth of 18,159.5% from the September 30th total of 37 shares. Currently, 0.0% of the company's stock are sold short. Based on an average daily trading volume, of 3,646 shares, the short-interest ratio is presently 1.9 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Nikon to a "hold" rating in a research report on Friday, September 25th. One research analyst has rated the stock with a Hold rating. According to MarketBeat.com, Nikon currently has an average rating of "Hold".

Nikon Stock Down 1.0%

Shares of OTCMKTS:NINOY traded down $0.12 during midday trading on Monday, reaching $10.90. The company had a trading volume of 1,020 shares, compared to its average volume of 3,747. Nikon has a 1-year low of $10.05 and a 1-year high of $15.00. The stock has a market cap of $3.59 billion, a PE ratio of -5.83 and a beta of 0.52. The company has a quick ratio of 0.92, a current ratio of 1.91 and a debt-to-equity ratio of 0.21. The business's 50 day moving average price is $11.76 and its 200 day moving average price is $12.32.

Nikon (OTCMKTS:NINOY - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.02 earnings per share for the quarter, beating analysts' consensus estimates of ($0.04) by $0.06. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1 billion. Nikon had a negative return on equity of 15.50% and a negative net margin of 13.88%. Research analysts forecast that Nikon will post 0.61 EPS for the current fiscal year.

Nikon Company Profile

Nikon Corporation is a Japan-based optical and imaging technology company best known for its cameras, lenses and other photographic products. Its imaging business serves professional photographers, enthusiasts and content creators through mirrorless and digital SLR cameras, interchangeable lenses, binoculars and related accessories, as well as software and services that support image creation and management.

The company also develops precision equipment for industrial and scientific applications.

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