Short Interest in Nikon Co. (OTCMKTS:NINOY) Expands By 21.1%

Nikon Co. (OTCMKTS:NINOY) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 2,300 shares, a growth of 21.1% from the August 31st total of 1,900 shares. Based on an average daily trading volume, of 11,900 shares, the days-to-cover ratio is presently 0.2 days.

Nikon Price Performance

OTCMKTS:NINOY traded up $0.07 during mid-day trading on Friday, reaching $10.30. 4,872 shares of the company were exchanged, compared to its average volume of 6,953. The company has a quick ratio of 1.02, a current ratio of 1.89 and a debt-to-equity ratio of 0.11. The stock has a market cap of $3.57 billion, a PE ratio of 16.09 and a beta of 0.54. Nikon has a 12 month low of $8.85 and a 12 month high of $11.50. The company has a fifty day moving average of $10.48 and a 200 day moving average of $10.38.

Nikon (OTCMKTS:NINOY) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.05 EPS for the quarter. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Nikon had a net margin of 4.56% and a return on equity of 4.87%. On average, research analysts anticipate that Nikon will post 0.53 EPS for the current fiscal year.

About Nikon

Nikon Corporation manufactures and sells optical instruments in Japan, North America, Europe, China, Thailand, and internationally. It operates through Imaging Products Business, Precision Equipment Business, Healthcare Business, Components Business, and Industrial equipment and Others segments. The Imaging Products Business segment provides digital SLR cameras, compact digital cameras, and interchangeable camera lenses.