Short Interest in Topcon Co. (OTCMKTS:TOPCF) Rises By 22.9%

Topcon Co. (OTCMKTS:TOPCF) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 186,300 shares, a growth of 22.9% from the December 31st total of 151,600 shares. Based on an average trading volume of 2,300 shares, the short-interest ratio is presently 81.0 days.

Topcon Stock Performance

OTCMKTS:TOPCF traded down $0.77 on Friday, reaching $17.08. 2,414 shares of the company’s stock were exchanged, compared to its average volume of 16. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 63.27 and a beta of 0.93. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.59 and a quick ratio of 0.88. The stock has a fifty day simple moving average of $16.74 and a 200-day simple moving average of $12.69. Topcon has a 52 week low of $8.71 and a 52 week high of $19.46.

Topcon (OTCMKTS:TOPCF) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.08 EPS for the quarter. Topcon had a net margin of 2.06% and a return on equity of 7.51%. The company had revenue of $363.55 million during the quarter.

About Topcon

Topcon Corporation, together with its subsidiaries, develops, manufactures, and sells positioning, eye care, and smart infrastructure products in Japan and internationally. The company provides total station products, including automatic tracking, motor drive, manual, industrial measurement, and imaging stations, as well as layout navigator, millimeter GPS, 3D mobile measurement system and laser scanner, data collector, theodolite, electronic level, and rotating and pipe laser products.