Short Interest in Olympus Co. (OTCMKTS:OCPNY) Drops By 45.7%

Olympus Co. (OTCMKTS:OCPNYGet Rating) was the recipient of a large decline in short interest in April. As of April 30th, there was short interest totalling 82,800 shares, a decline of 45.7% from the April 15th total of 152,400 shares. Based on an average trading volume of 317,200 shares, the short-interest ratio is currently 0.3 days.

OTCMKTS OCPNY opened at $21.55 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.47 and a current ratio of 1.97. Olympus has a one year low of $16.80 and a one year high of $24.26. The company has a 50-day simple moving average of $18.66 and a 200-day simple moving average of $20.59. The firm has a market capitalization of $28.00 billion, a PE ratio of 26.94, a price-to-earnings-growth ratio of 1.04 and a beta of 0.69.

Separately, Zacks Investment Research cut Olympus from a “hold” rating to a “sell” rating in a research note on Wednesday, April 13th.

Olympus Company Profile (Get Rating)

Olympus Corporation manufactures and sells precision machineries and instruments worldwide. It operates through four segments: Endoscopic Solutions Business, Therapeutic Solutions Business, Scientific Solutions Business, and Others. The Endoscopic Solutions Business segment offers gastrointestinal and surgical endoscopes, endoscopy system, and repair services.

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