Short Interest in Nikon Co. (OTCMKTS:NINOY) Increases By 14.3%

Nikon Co. (OTCMKTS:NINOY) was the target of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 800 shares, an increase of 14.3% from the January 15th total of 700 shares. Based on an average daily volume of 2,100 shares, the days-to-cover ratio is currently 0.4 days.

Nikon Price Performance

Nikon stock traded down $0.06 during mid-day trading on Friday, hitting $10.10. 1,313 shares of the company traded hands, compared to its average volume of 1,514. Nikon has a one year low of $9.30 and a one year high of $13.07. The stock has a market cap of $3.50 billion, a price-to-earnings ratio of 38.85 and a beta of 0.54. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.96 and a current ratio of 1.88. The stock has a fifty day moving average price of $10.54 and a 200-day moving average price of $10.93.

Nikon (OTCMKTS:NINOY) last announced its earnings results on Thursday, February 6th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.18). Nikon had a net margin of 1.98% and a return on equity of 2.01%. On average, equities analysts predict that Nikon will post 0.44 earnings per share for the current fiscal year.

About Nikon

Nikon Corporation manufactures and sells optical instruments in Japan, North America, Europe, China, Thailand, and internationally. It operates through Imaging Products Business, Precision Equipment Business, Healthcare Business, Components Business, and Industrial equipment and Others segments. The Imaging Products Business segment provides digital SLR cameras, compact digital cameras, and interchangeable camera lenses.