Short Interest in Nikon Corp. (OTCMKTS:NINOY) Grows By 174.2%

Nikon Corp. (OTCMKTS:NINOY) saw a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 2,503 shares, a growth of 174.2% from the January 29th total of 913 shares. Based on an average daily trading volume, of 3,181 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 3,181 shares, the days-to-cover ratio is presently 0.8 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Nikon from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Nikon presently has a consensus rating of “Hold”.

Nikon Trading Down 2.2%

Shares of NINOY traded down $0.28 during mid-day trading on Friday, hitting $12.71. 1,984 shares of the company’s stock traded hands, compared to its average volume of 1,800. The company has a quick ratio of 0.89, a current ratio of 1.78 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $4.18 billion, a P/E ratio of -7.43 and a beta of 0.59. The business’s 50-day moving average price is $12.00 and its 200-day moving average price is $11.64. Nikon has a 1 year low of $8.50 and a 1 year high of $13.00.

Nikon (OTCMKTS:NINOY) last released its quarterly earnings results on Thursday, February 5th. The company reported ($1.83) earnings per share for the quarter, missing the consensus estimate of $0.16 by ($1.99). The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.15 billion. Nikon had a negative net margin of 12.31% and a negative return on equity of 13.39%. As a group, sell-side analysts forecast that Nikon will post 0.44 EPS for the current fiscal year.

Nikon Company Profile

Nikon Corporation is a Tokyo‐based multinational company specializing in the design and manufacture of optics and imaging products. Since its founding in 1917 as Nippon Kogaku K.K., Nikon has built a global reputation for precision optical and imaging technologies. The company operates across multiple segments, including Digital Imaging, Precision Equipment, Healthcare, and Industrial Metrology, serving both consumer and industrial markets.

In its Digital Imaging division, Nikon produces a wide range of cameras—from entry­-level point-and-shoot models to professional DSLRs and mirrorless systems—supported by an extensive lineup of NIKKOR interchangeable lenses and accessories.