Short Interest in Nikon Corp. (OTCMKTS:NINOY) Grows By 2,106.7%

by · The Cerbat Gem

Nikon Corp. (OTCMKTS:NINOY – Get Free Report) was the target of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 1,964 shares, an increase of 2,106.7% from the November 30th total of 89 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,532 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily trading volume, of 3,532 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.0% of the shares of the stock are short sold.

Nikon Price Performance

Shares of Nikon stock traded down $0.12 on Thursday, hitting $11.04. 39 shares of the company were exchanged, compared to its average volume of 1,828. The company has a quick ratio of 0.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average price of $11.60 and a 200 day moving average price of $10.93. The stock has a market capitalization of $3.68 billion, a price-to-earnings ratio of 61.33 and a beta of 0.52. Nikon has a 1-year low of $8.50 and a 1-year high of $12.91.

Nikon (OTCMKTS:NINOY – Get Free Report) last issued its earnings results on Thursday, November 6th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.15). Nikon had a return on equity of 1.33% and a net margin of 1.25%.The company had revenue of $1 billion during the quarter, compared to analyst estimates of $1.03 billion. As a group, sell-side analysts predict that Nikon will post 0.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

NINOY has been the subject of a number of research analyst reports. Zacks Research cut shares of Nikon from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 11th. Jefferies Financial Group lowered shares of Nikon from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 1st. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce”.

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Nikon Company Profile

(Get Free Report)

Nikon Corporation is a Tokyo‐based multinational company specializing in the design and manufacture of optics and imaging products. Since its founding in 1917 as Nippon Kogaku K.K., Nikon has built a global reputation for precision optical and imaging technologies. The company operates across multiple segments, including Digital Imaging, Precision Equipment, Healthcare, and Industrial Metrology, serving both consumer and industrial markets.

In its Digital Imaging division, Nikon produces a wide range of cameras—from entry­-level point-and-shoot models to professional DSLRs and mirrorless systems—supported by an extensive lineup of NIKKOR interchangeable lenses and accessories.

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