Short Interest in Nikon Corp. (OTCMKTS:NINOY) Expands By 180.0%

Key Points

• Short interest in Nikon Corp. surged by 180.0% in July, reaching a total of 1,400 shares, reflecting increased bearish sentiment among investors.
• Nikon reported $0.00 EPS for the last quarter, missing estimates by $0.16 and indicating financial challenges, despite a revenue of $1.41 billion.
• The company's stock is currently priced at $9.73 with a market capitalization of $3.25 billion, highlighting its relatively stable financial standing despite recent performance issues.

Nikon Corp. (OTCMKTS:NINOY - Get Free Report) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 1,400 shares, agrowthof180.0% from the June 30th total of 500 shares. Based on an average daily trading volume, of 2,000 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily trading volume, of 2,000 shares, the days-to-cover ratio is currently 0.7 days.

Nikon Price Performance

OTCMKTS:NINOY opened at $9.73 on Monday. Nikon has a 1-year low of $8.50 and a 1-year high of $13.07. The company has a current ratio of 2.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.19. The firm has a fifty day simple moving average of $9.85 and a 200 day simple moving average of $10.10. The stock has a market capitalization of $3.25 billion, a PE ratio of 88.49 and a beta of 0.59.

Nikon (OTCMKTS:NINOY - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.16). Nikon had a net margin of 0.85% and a return on equity of 0.90%. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $201.19 billion. On average, research analysts expect that Nikon will post 0.44 EPS for the current fiscal year.

About Nikon

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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