Nikon Corp. (OTCMKTS:NINOY) Short Interest Up 84.2% in August

Nikon Corp. (OTCMKTS:NINOY) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 1,505 shares, a growth of 84.2% from the August 15th total of 817 shares. Based on an average daily volume of 1,883 shares, the short-interest ratio is currently 0.8 days. Currently, 0.0% of the shares of the stock are short sold.

Nikon Price Performance

Shares of OTCMKTS NINOY traded up $0.18 during midday trading on Wednesday, reaching $11.23. 139 shares of the company were exchanged, compared to its average volume of 4,102. The stock has a market cap of $3.70 billion, a P/E ratio of -6.01 and a beta of 0.48. The company has a quick ratio of 0.92, a current ratio of 1.91 and a debt-to-equity ratio of 0.21. The stock’s 50-day moving average price is $12.55 and its 200-day moving average price is $12.46. Nikon has a one year low of $10.05 and a one year high of $15.00.

Nikon (OTCMKTS:NINOY) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.06. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1 billion. Nikon had a negative net margin of 13.88% and a negative return on equity of 15.50%.

About Nikon

Nikon Corporation is a Japan-based optical and precision technology company founded in 1917 as Nippon Kogaku K.K. The company is best known for its cameras, NIKKOR interchangeable lenses, binoculars, and other imaging products, serving professional photographers, content creators, consumers, and business customers worldwide.

Nikon also develops and supplies advanced equipment for semiconductor and flat-panel display manufacturing, including photolithography systems. Its business activities extend to healthcare products such as microscopes and ophthalmic equipment, as well as industrial metrology, measurement systems, optical components, and other precision technologies used in manufacturing and research.

Headquartered in Tokyo, Nikon serves customers through operations and sales networks across Japan, North America, Europe, and other international markets.