Ricoh Co. (OTCMKTS:RICOY) Shares Shorted: Short Interest Up 104.5% in October

Ricoh Co. (OTCMKTS:RICOY) was the recipient of a significant growth in short interest during the month of 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 trading volume, of 654 shares, the days-to-cover ratio is currently 3.0 days.

Ricoh Price Performance

OTCMKTS RICOY opened at $11.99 on Friday. Ricoh has a fifty-two week low of $8.00 and a fifty-two week high of $12.27. The stock’s 50-day moving average is $10.71 and its two-hundred day moving average is $9.49. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.52 and a quick ratio of 1.12. The firm has a market cap of $6.83 billion, a P/E ratio of 12.76 and a beta of 0.41.

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

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.