Short Interest in Hoya Corp. (OTCMKTS:HOCPY) Drops By 33.5%

Hoya Corp. (OTCMKTS:HOCPY) was the target of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 3,535 shares, a drop of 33.5% from the July 30th total of 5,317 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 52,450 shares, the days-to-cover ratio is presently 0.1 days.

Hoya Stock Up 1.2%

HOCPY stock opened at $154.56 on Thursday. The stock’s fifty day simple moving average is $157.41 and its two-hundred day simple moving average is $169.01. The company has a current ratio of 4.91, a quick ratio of 4.15 and a debt-to-equity ratio of 0.03. Hoya has a 1-year low of $130.05 and a 1-year high of $190.18. The stock has a market cap of $51.75 billion, a P/E ratio of 30.67, a P/E/G ratio of 3.27 and a beta of 0.96.

Hoya (OTCMKTS:HOCPY) last announced its earnings results on Friday, July 31st. The technology company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.10. The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.55 billion. Hoya had a return on equity of 25.78% and a net margin of 27.58%. Analysts expect that Hoya will post 5.11 EPS for the current year.

Hoya Company Profile

Hoya Corporation (OTCMKTS: HOCPY) is a Tokyo-based global manufacturer and supplier of optical products and related technologies. The company designs, produces and sells a broad range of optical materials and finished optics for consumer, industrial and healthcare markets, serving customers across Asia, Europe, the Americas and other regions worldwide.

Hoya’s product portfolio includes ophthalmic lenses and related vision-care products for eyeglasses, optical glass and lens blanks, and precision optical components used by original equipment manufacturers.