Short Interest in Nihon Kohden Corporation (OTCMKTS:NHNKY) Increases By 264.6%

Nihon Kohden Corporation (OTCMKTS:NHNKY) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 8,040 shares, an increase of 264.6% from the August 15th total of 2,205 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 13,403 shares, the short-interest ratio is currently 0.6 days.

Wall Street Analysts Forecast Growth

Separately, UBS Group downgraded Nihon Kohden from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 12th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Nihon Kohden Stock Performance

Shares of NHNKY opened at $10.01 on Monday. The company’s fifty day simple moving average is $9.51 and its 200-day simple moving average is $9.40. The company has a market cap of $1.68 billion, a P/E ratio of 18.20 and a beta of 0.36. Nihon Kohden has a twelve month low of $8.12 and a twelve month high of $14.21.

Nihon Kohden (OTCMKTS:NHNKY) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.09). The firm had revenue of $297.47 million for the quarter, compared to the consensus estimate of $299.98 million. Nihon Kohden had a net margin of 5.90% and a return on equity of 9.08%. Analysts predict that Nihon Kohden will post 0.6 earnings per share for the current fiscal year.

About Nihon Kohden

Nihon Kohden Corporation is a Japanese medical technology company that develops, manufactures and sells electronic medical equipment and related services. Founded in 1951, the company focuses on technologies used to monitor, diagnose and support patients across hospitals and other healthcare settings.

Its product portfolio includes patient monitoring systems, electrocardiographs, electroencephalographs, defibrillators, automated external defibrillators, ventilators and other critical-care equipment.