Nihon Kohden Corporation (OTCMKTS:NHNKY) Sees Large Decline in Short Interest

Nihon Kohden Corporation (OTCMKTS:NHNKY) was the target of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 3,556 shares, a decline of 83.6% from the April 30th total of 21,619 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 39,773 shares, the days-to-cover ratio is currently 0.1 days.

Nihon Kohden Price Performance

Shares of NHNKY stock traded down $0.16 during trading on Friday, reaching $9.00. The company had a trading volume of 7,835 shares, compared to its average volume of 14,444. The firm’s 50 day simple moving average is $9.38 and its two-hundred day simple moving average is $10.33. Nihon Kohden has a one year low of $8.71 and a one year high of $14.21. The company has a market capitalization of $1.54 billion, a PE ratio of 15.25 and a beta of 0.41.

Nihon Kohden (OTCMKTS:NHNKY) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.10. Nihon Kohden had a return on equity of 9.48% and a net margin of 6.08%.The business had revenue of $453.10 million for the quarter, compared to the consensus estimate of $414.40 million. Analysts forecast that Nihon Kohden will post 0.61 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Nihon Kohden to a “hold” rating in a report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

Nihon Kohden Company Profile

Nihon Kohden Corporation is a Tokyo-based manufacturer of medical electronic equipment, founded in 1951. The company has built a reputation for innovation in patient monitoring and diagnostic systems, developing one of Japan’s earliest electrocardiogram (ECG) machines and pioneering transistor-based oscilloscopes for clinical use. Over the decades, Nihon Kohden has expanded its product portfolio to address a wide range of healthcare needs, from emergency response to intensive care and neurology.

The company’s core offerings include patient monitors, ECG and electroencephalograph (EEG) devices, defibrillators, infusion pumps, and neuromonitoring systems.