Olympus Co. (OTCMKTS:OLYMY) Short Interest Up 768.3% in August

Olympus Co. (OTCMKTS:OLYMY) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 6,721 shares, an increase of 768.3% from the August 15th total of 774 shares. Based on an average daily trading volume, of 49,485 shares, the days-to-cover ratio is currently 0.1 days.

Olympus Trading Down 1.3%

Shares of OLYMY opened at $12.29 on Friday. The firm has a fifty day simple moving average of $12.09 and a two-hundred day simple moving average of $10.76. Olympus has a 1-year low of $8.08 and a 1-year high of $13.73.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group downgraded shares of Olympus from a “buy” rating to a “neutral” rating in a report on Monday, June 15th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Olympus Company Profile

Olympus Corporation is a Tokyo-based manufacturer specializing in precision technology for the medical, scientific and industrial markets. Established in 1919, the company has built an international reputation for optical and digital imaging solutions that encompass endoscopic systems, microscopes, cameras and related accessories. Olympus leverages its expertise in optics, mechanics and electronics to develop instruments designed to advance diagnostics and scientific discovery.

In the healthcare sector, Olympus is best known for its endoscopy products and therapeutic solutions that support minimally invasive procedures in gastroenterology, pulmonology and urology.