Nikon Corp. (OTCMKTS:NINOY) Sees Large Decrease in Short Interest

Nikon Corp. (OTCMKTS:NINOY) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 660 shares, a drop of 66.4% from the December 15th total of 1,964 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 5,460 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 5,460 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Nikon Stock Performance

Shares of Nikon stock opened at $11.61 on Tuesday. The stock has a market capitalization of $3.87 billion, a price-to-earnings ratio of 64.47 and a beta of 0.53. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.89 and a quick ratio of 0.89. The business has a 50-day moving average of $11.41 and a 200 day moving average of $11.06. Nikon has a 12 month low of $8.50 and a 12 month high of $12.91.

Nikon (OTCMKTS:NINOY) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.15). Nikon had a return on equity of 1.33% and a net margin of 1.25%.The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $1.03 billion. As a group, sell-side analysts forecast that Nikon will post 0.44 earnings per share for the current year.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Nikon from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Nikon presently has an average rating of “Hold”.

About Nikon

Nikon Corporation is a Tokyo‐based multinational company specializing in the design and manufacture of optics and imaging products. Since its founding in 1917 as Nippon Kogaku K.K., Nikon has built a global reputation for precision optical and imaging technologies. The company operates across multiple segments, including Digital Imaging, Precision Equipment, Healthcare, and Industrial Metrology, serving both consumer and industrial markets.

In its Digital Imaging division, Nikon produces a wide range of cameras—from entry­-level point-and-shoot models to professional DSLRs and mirrorless systems—supported by an extensive lineup of NIKKOR interchangeable lenses and accessories.