Hoya Corp. (OTCMKTS:HOCPY) Sees Large Growth in Short Interest

Hoya Corp. (OTCMKTS:HOCPY) was the target of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 27,102 shares, an increase of 373.1% from the October 15th total of 5,728 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 156,676 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Hoya from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Strong Buy”.

Hoya Trading Up 0.5%

HOCPY stock traded up $0.76 during midday trading on Thursday, reaching $151.47. 23,147 shares of the company traded hands, compared to its average volume of 39,344. The firm has a market capitalization of $50.72 billion, a price-to-earnings ratio of 28.74, a P/E/G ratio of 2.33 and a beta of 1.01. The business has a 50 day moving average of $154.68 and a 200-day moving average of $165.72. Hoya has a 52-week low of $139.85 and a 52-week high of $190.18. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.20 and a current ratio of 4.91.

Hoya (OTCMKTS:HOCPY) last announced its earnings results on Friday, October 30th. The technology company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.05. Hoya had a net margin of 28.48% and a return on equity of 27.06%. The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.67 billion. As a group, sell-side analysts expect that Hoya will post 5.29 earnings per share for the current fiscal year.

About Hoya

HOYA Corporation is a Japan-based technology company that develops and manufactures products for the healthcare and information technology markets. Founded in 1941 as an optical glass manufacturer, the company has expanded its operations to serve customers around the world. HOYA’s healthcare products include eyeglass lenses, intraocular lenses and medical equipment such as endoscopes. Its information technology business supplies products used in semiconductor manufacturing and data storage, including photomasks, mask blanks and glass substrates for hard disk drives.