Nikon Co. (OTCMKTS:NINOY) Sees Large Drop in Short Interest

Nikon Co. (OTCMKTS:NINOY) was the target of a significant drop in short interest in November. As of November 15th, there was short interest totalling 1,100 shares, a drop of 31.3% from the October 31st total of 1,600 shares. Based on an average daily trading volume, of 2,400 shares, the days-to-cover ratio is presently 0.5 days.

Nikon Stock Performance

OTCMKTS:NINOY traded down $0.18 during trading hours on Friday, reaching $11.78. 62 shares of the stock were exchanged, compared to its average volume of 1,142. The firm has a 50 day simple moving average of $11.61 and a 200-day simple moving average of $10.83. The stock has a market capitalization of $4.08 billion, a P/E ratio of 23.56 and a beta of 0.51. The company has a quick ratio of 1.02, a current ratio of 1.89 and a debt-to-equity ratio of 0.11. Nikon has a 52 week low of $9.06 and a 52 week high of $13.07.

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.