Hoya Corp. (OTCMKTS:HOCPY) Sees Significant Decrease in Short Interest

Hoya Corp. (OTCMKTS:HOCPY) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 5,317 shares, a decline of 40.9% from the July 15th total of 9,004 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 85,333 shares, the days-to-cover ratio is presently 0.1 days.

Hoya Trading Up 0.1%

OTCMKTS HOCPY opened at $167.35 on Monday. Hoya has a one year low of $128.51 and a one year high of $190.18. The firm has a 50 day simple moving average of $160.06 and a 200-day simple moving average of $170.60. The firm has a market cap of $56.04 billion, a price-to-earnings ratio of 33.20, a PEG ratio of 3.59 and a beta of 0.98. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.15 and a current ratio of 4.81.

Hoya (OTCMKTS:HOCPY) last issued its quarterly earnings results on Friday, July 31st. The technology company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.13 by $0.10. The company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.55 billion. Hoya had a net margin of 27.58% and a return on equity of 25.15%. Equities research analysts anticipate that Hoya will post 5.08 EPS for the current fiscal year.

Hoya Company Profile

Hoya Corporation (OTCMKTS: HOCPY) is a Tokyo-based global manufacturer and supplier of optical products and related technologies. The company designs, produces and sells a broad range of optical materials and finished optics for consumer, industrial and healthcare markets, serving customers across Asia, Europe, the Americas and other regions worldwide.

Hoya’s product portfolio includes ophthalmic lenses and related vision-care products for eyeglasses, optical glass and lens blanks, and precision optical components used by original equipment manufacturers.