Topcon Co. (OTCMKTS:TOPCF) Short Interest Down 45.6% in December

Topcon Co. (OTCMKTS:TOPCF) was the recipient of a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 151,600 shares, a drop of 45.6% from the November 30th total of 278,900 shares. Based on an average daily volume of 2,700 shares, the short-interest ratio is presently 56.1 days.

Topcon Price Performance

TOPCF stock remained flat at $17.82 during mid-day trading on Friday. The business has a fifty day simple moving average of $12.49 and a 200 day simple moving average of $11.34. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.59 and a quick ratio of 0.88. The company has a market capitalization of $1.87 billion, a P/E ratio of 66.00 and a beta of 1.11. Topcon has a 12-month low of $8.71 and a 12-month high of $17.82.

Topcon (OTCMKTS:TOPCF) last posted its earnings results on Wednesday, October 30th. The company reported $0.08 EPS for the quarter. The firm had revenue of $363.55 million for the quarter. Topcon had a return on equity of 7.51% and a net margin of 2.06%.

About Topcon

Topcon Corporation, together with its subsidiaries, develops, manufactures, and sells positioning, eye care, and smart infrastructure products in Japan and internationally. The company provides total station products, including automatic tracking, motor drive, manual, industrial measurement, and imaging stations, as well as layout navigator, millimeter GPS, 3D mobile measurement system and laser scanner, data collector, theodolite, electronic level, and rotating and pipe laser products.