Short Interest in Topcon Co. (OTCMKTS:TOPCF) Expands By 121.5%

Topcon Co. (OTCMKTS:TOPCFGet Rating) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totalling 253,200 shares, an increase of 121.5% from the April 15th total of 114,300 shares. Based on an average daily trading volume, of 16,800 shares, the short-interest ratio is presently 15.1 days.

OTCMKTS TOPCF opened at $14.50 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.76 and a debt-to-equity ratio of 0.36. The company has a fifty day moving average of $12.57 and a two-hundred day moving average of $13.89. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 19.86 and a beta of 1.20. Topcon has a 52 week low of $10.72 and a 52 week high of $19.12.

TOPCF has been the topic of several recent analyst reports. Mizuho upgraded shares of Topcon from a “neutral” rating to a “buy” rating in a research report on Thursday, March 17th. Zacks Investment Research raised shares of Topcon from a “sell” rating to a “buy” rating and set a $14.00 target price for the company in a report on Friday, February 25th.

Topcon Company Profile (Get Rating)

Topcon Corporation, together with its subsidiaries, develops, manufactures, and sells positioning, eye care, and smart infrastructure products worldwide. Its positioning products include GNSS receivers, GPS systems, machine control systems, precision agriculture systems, and asset management systems.

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