HOYA Co. (OTCMKTS:HOCPY) Sees Significant Drop in Short Interest

HOYA Co. (OTCMKTS:HOCPYGet Rating) was the target of a significant drop in short interest during the month of April. As of April 30th, there was short interest totalling 1,300 shares, a drop of 31.6% from the April 15th total of 1,900 shares. Based on an average daily volume of 103,300 shares, the days-to-cover ratio is currently 0.0 days.

Separately, Zacks Investment Research cut HOYA from a “buy” rating to a “hold” rating in a report on Wednesday.

HOYA stock traded up $4.29 during midday trading on Friday, reaching $98.27. The stock had a trading volume of 27,838 shares, compared to its average volume of 51,663. HOYA has a twelve month low of $92.52 and a twelve month high of $179.94. The stock has a market capitalization of $35.95 billion, a PE ratio of 23.67, a price-to-earnings-growth ratio of 1.35 and a beta of 0.49. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.28 and a current ratio of 4.89. The stock’s 50-day simple moving average is $107.15 and its 200 day simple moving average is $131.25.

HOYA Company Profile (Get Rating)

HOYA Corporation operates as a med-tech company, and a supplier of high-tech and medical products worldwide. The company operates through three segments: Life Care, Information Technology, and Other. The Life Care segment offers healthcare products, including eyeglass and contact lenses; and medical products, such as medical endoscopes, laparoscopic surgical instruments, intraocular lenses, and prosthetic ceramic fillers and orthopedic implants.

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