Ricoh Co. (OTCMKTS:RICOY) Sees Significant Growth in Short Interest

Ricoh Co. (OTCMKTS:RICOY) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totaling 1,973 shares, a growth of 104.5% from the September 30th total of 965 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 654 shares, the short-interest ratio is currently 3.0 days.

Ricoh Price Performance

RICOY stock opened at $11.99 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.52 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $6.83 billion, a PE ratio of 12.76 and a beta of 0.39. The stock’s 50 day moving average is $10.71 and its 200-day moving average is $9.49. Ricoh has a twelve month low of $8.00 and a twelve month high of $12.27.

Ricoh (OTCMKTS:RICOY) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.30. The company had revenue of $3.95 billion for the quarter, compared to analyst estimates of $3.79 billion. Ricoh had a net margin of 3.10% and a return on equity of 6.99%.

About Ricoh

Ricoh Company, Ltd. is a Japan-based technology company that provides digital workplace, document management and commercial printing solutions. Its offerings include multifunction printers, office copiers, printers, scanners, related software and workflow systems, as well as managed print and IT services designed to help organizations digitize and automate business processes.

The company also serves the production printing and graphic communications markets, providing high-volume digital printing equipment, software and support services.