Nikon Co. (OTCMKTS:NINOY) Sees Significant Increase in Short Interest

Nikon Co. (OTCMKTS:NINOY) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totalling 6,300 shares, an increase of 6,200.0% from the July 15th total of 100 shares. Based on an average daily trading volume, of 8,900 shares, the days-to-cover ratio is presently 0.7 days.

Nikon Stock Up 1.1 %

NINOY stock opened at $10.37 on Wednesday. Nikon has a 1-year low of $8.85 and a 1-year high of $11.49. The business’s 50 day simple moving average is $10.38 and its 200 day simple moving average is $10.31. The company has a current ratio of 2.02, a quick ratio of 1.16 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $3.59 billion, a PE ratio of 16.20 and a beta of 0.55.

Nikon Company Profile

Nikon Corporation manufactures and sells optical instruments in Japan, North America, Europe, China, Thailand, and internationally. It operates through Imaging Products Business, Precision Equipment Business, Healthcare Business, Components Business, and Industrial equipment and Others segments. The Imaging Products Business segment provides digital SLR cameras, compact digital cameras, and interchangeable camera lenses.