Short Interest in Ricoh Company, Ltd. (OTCMKTS:RICOY) Decreases By 98.6%

Ricoh Company, Ltd. (OTCMKTS:RICOY) was the recipient of a significant decline in short interest in March. As of March 15th, there was short interest totalling 600 shares, a decline of 98.6% from the February 29th total of 42,800 shares. Based on an average trading volume of 500 shares, the days-to-cover ratio is currently 1.2 days.

Ricoh Price Performance

Shares of RICOY traded down $0.30 during mid-day trading on Thursday, reaching $8.70. The company had a trading volume of 1,831 shares, compared to its average volume of 6,252. The company has a market capitalization of $5.30 billion, a price-to-earnings ratio of 12.79 and a beta of 0.69. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.96 and a current ratio of 1.33. The company’s 50 day simple moving average is $8.37 and its 200 day simple moving average is $8.20. Ricoh has a 1-year low of $6.96 and a 1-year high of $9.20.

Ricoh (OTCMKTS:RICOY) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. Ricoh had a net margin of 2.48% and a return on equity of 5.73%. The company had revenue of $3.96 billion during the quarter. Analysts expect that Ricoh will post 0.6 EPS for the current year.

Ricoh Company Profile

Ricoh Company, Ltd. provides office, commercial printing, and related solutions worldwide. It operates through Digital services, Digital Products, Graphic Communications, Industrial Solutions, and Other segments. The company sells multifunctional printers (MFPs), laser printers, digital duplicators, wide format printers, facsimile machines, scanners, personal computers, servers, network equipment, related parts and supplies, services, and support and service and solutions related to documents.