Nikon Corp. (OTCMKTS:NINOY) Short Interest Update

Nikon Corp. (OTCMKTS:NINOY) saw a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 664 shares, a decline of 55.9% from the August 31st total of 1,505 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 4,457 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

Separately, Zacks Research raised Nikon to a “hold” rating in a report on Friday. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

Nikon Stock Performance

NINOY traded up $0.22 during trading on Tuesday, reaching $12.13. 1,385 shares of the company were exchanged, compared to its average volume of 3,971. Nikon has a 52 week low of $10.05 and a 52 week high of $15.00. The company has a current ratio of 1.91, a quick ratio of 0.92 and a debt-to-equity ratio of 0.21. The firm has a 50 day moving average of $12.12 and a 200 day moving average of $12.38. The stock has a market cap of $3.99 billion, a P/E ratio of -6.49 and a beta of 0.48.

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

About Nikon

Nikon Corporation is a Japan-based optical and precision technology company founded in 1917 as Nippon Kogaku K.K. The company is best known for its cameras, NIKKOR interchangeable lenses, binoculars, and other imaging products, serving professional photographers, content creators, consumers, and business customers worldwide.

Nikon also develops and supplies advanced equipment for semiconductor and flat-panel display manufacturing, including photolithography systems. Its business activities extend to healthcare products such as microscopes and ophthalmic equipment, as well as industrial metrology, measurement systems, optical components, and other precision technologies used in manufacturing and research.

Headquartered in Tokyo, Nikon serves customers through operations and sales networks across Japan, North America, Europe, and other international markets.