Short Interest in Nikon Co. (OTCMKTS:NINOY) Increases By 116.5%

Nikon Co. (OTCMKTS:NINOYGet Rating) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totalling 24,900 shares, an increase of 116.5% from the April 15th total of 11,500 shares. Based on an average trading volume of 36,200 shares, the days-to-cover ratio is currently 0.7 days.

NINOY stock opened at $10.96 on Friday. Nikon has a fifty-two week low of $8.69 and a fifty-two week high of $12.66. The business’s 50-day moving average is $10.78 and its two-hundred day moving average is $10.72. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.55 and a current ratio of 2.33. The company has a market cap of $4.15 billion, a price-to-earnings ratio of 16.33, a P/E/G ratio of 0.29 and a beta of 0.49.

About Nikon (Get Rating)

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, manufacture, sells, and services digital SLR cameras, compact digital cameras, and interchangeable camera lenses.

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