Nikon Corp. (OTCMKTS:NINOY – Get Free Report) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 6,756 shares, a growth of 18,159.5% from the September 30th total of 37 shares. Based on an average daily volume of 3,646 shares, the short-interest ratio is currently 1.9 days. Currently, 0.0% of the shares of the company are sold short.
Wall Street Analyst Weigh In
Separately, Zacks Research raised Nikon to a “hold” rating in a research report on Friday, September 25th. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, Nikon currently has an average rating of “Hold”.
Check Out Our Latest Analysis on NINOY
Nikon Stock Performance
Shares of NINOY traded down $0.12 during trading hours on Monday, hitting $10.90. The company had a trading volume of 1,020 shares, compared to its average volume of 3,747. The firm has a market cap of $3.59 billion, a price-to-earnings ratio of -5.83 and a beta of 0.52. The business has a fifty day moving average of $11.76 and a 200-day moving average of $12.32. Nikon has a 12 month low of $10.05 and a 12 month high of $15.00. The company has a quick ratio of 0.92, a current ratio of 1.91 and a debt-to-equity ratio of 0.21.
Nikon (OTCMKTS:NINOY – Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.06. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1 billion. Nikon had a negative net margin of 13.88% and a negative return on equity of 15.50%. Equities analysts anticipate that Nikon will post 0.61 EPS for the current fiscal year.
Nikon Company Profile
Nikon Corporation is a Japan-based optical and imaging technology company best known for its cameras, lenses and other photographic products. Its imaging business serves professional photographers, enthusiasts and content creators through mirrorless and digital SLR cameras, interchangeable lenses, binoculars and related accessories, as well as software and services that support image creation and management.
The company also develops precision equipment for industrial and scientific applications.
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