Short-term interest in Nikon Co. (OTCMKTS: NINOY) drops 92.8%

Nikon Co. (OTCMKTS:NINOY – Get Rating) was the beneficiary of a sharp drop in short-term interest during May. As of May 15, there was short interest totaling 1,800 shares, a 92.8% decline from April 30’s total of 24,900 shares. Based on an average trading volume of 25,300 shares, the day-to-cover ratio is currently 0.1 day.

NINOY was down $0.27 during Wednesday’s trading, hitting $11.60. 10,801 shares of the company were traded, against an average volume of 14,494. Nikon has a 1-year low of $8.69 and a 1-year high of $12.66. The company has a current ratio of 2.33, a quick ratio of 1.55 and a debt ratio of 0.18. The stock has a market capitalization of $4.39 billion, a PE ratio of 11.52, a price-to-growth earnings ratio of 0.31 and a beta of 0.49. The company has a fifty-day moving average price of $11.01 and a two-hundred-day moving average price of $10.75.

Nikon Company Profile (Get an evaluation)

Nikon Corporation manufactures and sells optical instruments in Japan, North America, Europe, China, Thailand and internationally. It operates through three segments: imaging products business, precision equipment business and healthcare business. The Imaging Products Business segment develops, manufactures, sells and services digital SLR cameras, compact digital cameras and interchangeable camera lenses.

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