Ricoh Company, Ltd. (OTCMKTS:RICOY) Sees Large Increase in Short Interest

Ricoh Company, Ltd. (OTCMKTS:RICOY – Get Rating) was the recipient of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 7,100 shares, an increase of 61.4% from the March 31st total of 4,400 shares. Based on an average daily trading volume, of 3,500 shares, the short-interest ratio is presently 2.0 days.

Separately, Zacks Investment Research upgraded shares of Ricoh from a “sell” rating to a “hold” rating in a report on Thursday, March 3rd.

OTCMKTS RICOY traded down $0.08 during trading on Friday, reaching $7.20. 402 shares of the company traded hands, compared to its average volume of 1,780. Ricoh has a 1-year low of $6.93 and a 1-year high of $12.50. The company has a market cap of $4.59 billion, a price-to-earnings ratio of 42.33 and a beta of 0.73. The stock’s 50 day moving average price is $8.28 and its two-hundred day moving average price is $8.96. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.13 and a current ratio of 1.49.

Ricoh (OTCMKTS:RICOY – Get Rating) last announced its quarterly earnings results on Friday, February 4th. The company reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.03. Ricoh had a return on equity of 1.36% and a net margin of 0.68%. The business had revenue of $3.81 billion for the quarter, compared to analyst estimates of $4 billion. Equities research analysts expect that Ricoh will post 0.47 EPS for the current fiscal year.

About Ricoh (Get Rating)

Ricoh Company, Ltd. provides various office and commercial printing solutions and related solutions worldwide. It offers multifunctional printers, printers, industrial inkjets, garment and production printers, 3D printers, projectors, video and web conference systems, and interactive whiteboards, as well as inkjet heads and modules.

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