Nikon Corp. (OTCMKTS:NINOY) Stock Short Interest Declines 94.4%

Nikon Corp. (OTCMKTS:NINOY) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 37 shares, a decline of 94.4% from the September 15th total of 664 shares. Based on an average daily volume of 3,297 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Nikon to a “hold” rating in a research note on Friday, September 25th. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Nikon Stock Performance

Shares of Nikon stock traded down $0.22 on Friday, hitting $11.75. The stock had a trading volume of 1,922 shares, compared to its average volume of 2,400. The stock has a market cap of $3.87 billion, a price-to-earnings ratio of -6.28 and a beta of 0.52. The company has a quick ratio of 0.92, a current ratio of 1.91 and a debt-to-equity ratio of 0.21. Nikon has a twelve month low of $10.05 and a twelve month high of $15.00. The business’s 50 day moving average is $12.01 and its two-hundred day moving average is $12.39.

Nikon (OTCMKTS:NINOY) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.06. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1 billion. Nikon had a negative return on equity of 15.50% and a negative net margin of 13.88%. Analysts forecast that Nikon will post 0.61 EPS for the current year.

About Nikon

Nikon Corporation is a Japan-based optical and precision-equipment company whose roots date to 1917, when it was established as Nippon Kogaku Kogyo. The company is best known for its imaging products, including mirrorless and digital cameras, NIKKOR lenses, binoculars, rangefinders and other photographic equipment.

Nikon also develops precision technologies for industrial and scientific applications. Its businesses include semiconductor and flat-panel-display lithography systems, industrial and metrology equipment, microscopes, optical components and healthcare-related products and services.