Ricoh Co. (OTCMKTS:RICOY) Short Interest Up 200.0% in July

Key Points

• Ricoh Co. experienced a 200.0% increase in short interest in July, rising to 600 shares from 200 shares at the end of June.
• The company's stock is currently trading at $9.22, with a market capitalization of $5.25 billion, and it has a 52-week trading range of $7.95 to $12.20.
• In its last quarterly earnings, Ricoh reported $0.20 earnings per share, surpassing analyst expectations of $0.16.

Ricoh Co. (OTCMKTS:RICOY - Get Free Report) saw a significant increase in short interest in July. As of July 15th, there was short interest totalling 600 shares, an increase of 200.0% from the June 30th total of 200 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 700 shares, the days-to-cover ratio is currently 0.9 days.

Ricoh Price Performance

Shares of OTCMKTS:RICOY remained flat at $9.22 during midday trading on Tuesday. The stock had a trading volume of 48 shares, compared to its average volume of 548. The stock's fifty day simple moving average is $9.34 and its two-hundred day simple moving average is $10.00. The company has a quick ratio of 1.06, a current ratio of 1.41 and a debt-to-equity ratio of 0.28. Ricoh has a 52 week low of $7.95 and a 52 week high of $12.20. The company has a market capitalization of $5.25 billion, a P/E ratio of 20.04 and a beta of 0.37.

Ricoh (OTCMKTS:RICOY - Get Free Report) last issued its quarterly earnings results on Wednesday, May 14th. The company reported $0.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.04. Ricoh had a net margin of 1.68% and a return on equity of 3.91%. The business had revenue of $4.68 billion during the quarter, compared to analyst estimates of $702.32 billion. On average, analysts forecast that Ricoh will post 0.53 earnings per share for the current fiscal year.

About Ricoh

Ricoh Company, Ltd. provides office, commercial printing, and related solutions worldwide. It operates through Digital services, Digital Products, Graphic Communications, Industrial Solutions, and Other segments. The company sells multifunctional printers (MFPs), laser printers, digital duplicators, wide format printers, facsimile machines, scanners, personal computers, servers, network equipment, related parts and supplies, services, and support and service and solutions related to documents.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.