Nikon Corp. (OTCMKTS:NINOY) Short Interest Update

Nikon Corp. (OTCMKTS:NINOY) was the recipient of a significant growth in short interest in March. As of March 13th, there was short interest totaling 2,877 shares, a growth of 22.0% from the February 26th total of 2,358 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 1,367 shares, the days-to-cover ratio is presently 2.1 days.

Analyst Upgrades and Downgrades

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 analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

Nikon Stock Performance

OTCMKTS NINOY opened at $11.85 on Monday. The firm has a market cap of $3.90 billion, a PE ratio of -6.93 and a beta of 0.57. Nikon has a 1-year low of $8.50 and a 1-year high of $13.00. The stock has a 50-day moving average of $12.41 and a 200-day moving average of $11.91. The company has a current ratio of 1.78, a quick ratio of 0.83 and a debt-to-equity ratio of 0.20.

Nikon (OTCMKTS:NINOY) last posted its quarterly earnings results on Thursday, February 5th. The company reported ($1.83) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($1.99). The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.15 billion. Nikon had a negative return on equity of 13.39% and a negative net margin of 12.31%. As a group, sell-side analysts forecast that Nikon will post 0.44 EPS for the current year.

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.