Short Interest in Nikon Corp. (OTCMKTS:NINOY) Decreases By 84.0%

Key Points

• The short interest in Nikon Corp. decreased by 84.0% in September, dropping from 2,500 shares to just 400 shares.
• Jefferies Financial Group downgraded Nikon's stock rating from "strong-buy" to "hold" on September 1st, contributing to a consensus rating of "hold" among analysts.
• Nikon's shares recently traded at $11.36, reflecting a 1.2% decline with a market capitalization of approximately $3.79 billion.

Nikon Corp. (OTCMKTS:NINOY - Get Free Report) was the target of a large decline in short interest in September. As of September 15th, there was short interest totaling 400 shares, a decline of 84.0% from the August 31st total of 2,500 shares. Based on an average daily trading volume, of 4,000 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 4,000 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group lowered shares of Nikon from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 1st. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Nikon presently has a consensus rating of "Hold".

Nikon Trading Down 1.2%

Shares of NINOY traded down $0.14 during midday trading on Wednesday, hitting $11.36. The stock had a trading volume of 37 shares, compared to its average volume of 1,894. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.98 and a quick ratio of 0.97. Nikon has a 1 year low of $8.50 and a 1 year high of $13.07. The firm has a market cap of $3.79 billion, a PE ratio of 43.69 and a beta of 0.56. The stock's 50 day moving average is $10.73 and its 200 day moving average is $10.22.

Nikon (OTCMKTS:NINOY - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.20 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.15. Nikon had a net margin of 1.85% and a return on equity of 1.99%. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.10 billion. As a group, analysts forecast that Nikon will post 0.44 EPS for the current fiscal year.

Nikon Company Profile

Nikon Corporation manufactures and sells optical instruments in Japan, North America, Europe, China, Thailand, and internationally. It operates through Imaging Products Business, Precision Equipment Business, Healthcare Business, Components Business, and Industrial equipment and Others segments. The Imaging Products Business segment provides digital SLR cameras, compact digital cameras, and interchangeable camera lenses.

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