Short Interest in Hoya Corp. (OTCMKTS:HOCPY) Increases By 291.1%

Key Points

• Hoya Corp. experienced a significant 291.1% increase in short interest from July 15th to July 31st, rising from 10,100 shares to 39,500 shares.
• The stock has been upgraded to a "strong-buy" rating by both The Goldman Sachs Group and Erste Group Bank in recent analyst reports.
• Hoya's latest quarterly earnings exceeded analysts' expectations, reporting $1.05 earnings per share on revenues of $1.53 billion.

Hoya Corp. (OTCMKTS:HOCPY - Get Free Report) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 39,500 shares, anincreaseof291.1% from the July 15th total of 10,100 shares. Based on an average daily volume of 81,500 shares, the days-to-cover ratio is presently 0.5 days. Approximately0.0% of the shares of the company are short sold. Approximately0.0% of the shares of the company are short sold. Based on an average daily volume of 81,500 shares, the days-to-cover ratio is presently 0.5 days.

Analyst Ratings Changes

HOCPY has been the topic of several analyst reports. The Goldman Sachs Group upgraded Hoya from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 23rd. Erste Group Bank upgraded Hoya from a "hold" rating to a "strong-buy" rating in a report on Friday, May 23rd.

Hoya Stock Down 2.8%

Shares of OTCMKTS HOCPY opened at $130.54 on Friday. The stock has a market cap of $44.79 billion, a PE ratio of 32.64, a price-to-earnings-growth ratio of 2.68 and a beta of 0.91. The company has a quick ratio of 4.21, a current ratio of 4.90 and a debt-to-equity ratio of 0.03. Hoya has a 52-week low of $97.49 and a 52-week high of $148.27. The business has a 50-day moving average price of $121.94 and a 200 day moving average price of $119.82.

Hoya (OTCMKTS:HOCPY - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The technology company reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $1.04 by $0.01. The company had revenue of $1.53 billion during the quarter, compared to analysts' expectations of $1.47 billion. Hoya had a return on equity of 21.24% and a net margin of 23.57%. Equities research analysts forecast that Hoya will post 3.66 earnings per share for the current year.

Hoya Company Profile

HOYA Corporation, a med-tech company, provides high-tech and medical products worldwide. It operates through three segments: Life Care, Telecommunication, and Other. The company offers life care products, including eyeglass and contact lenses; medical endoscopes; intraocular lenses; laparoscopic surgical instruments; automatic endoscope cleaning equipment; and other medical related products, such as prosthetic ceramic fillers and metallic implants for orthopedics.

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