Hoya Corp. (OTCMKTS:HOCPY) Sees Significant Decrease in Short Interest

Hoya Corp. (OTCMKTS:HOCPY) was the target of a significant decline in short interest in August. As of August 14th, there was short interest totaling 3,535 shares, a decline of 33.5% from the July 30th total of 5,317 shares. Based on an average daily trading volume, of 52,450 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Hoya Stock Performance

Shares of HOCPY opened at $152.77 on Wednesday. Hoya has a 12-month low of $129.29 and a 12-month high of $190.18. The company has a current ratio of 4.81, a quick ratio of 4.15 and a debt-to-equity ratio of 0.03. The company has a market cap of $51.15 billion, a PE ratio of 30.31, a price-to-earnings-growth ratio of 3.28 and a beta of 0.98. The stock has a 50-day moving average price of $157.58 and a 200-day moving average price of $169.22.

Hoya (OTCMKTS:HOCPY) last announced its earnings results on Friday, July 31st. The technology company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.10. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.55 billion. Hoya had a net margin of 27.58% and a return on equity of 25.15%. As a group, equities analysts forecast that Hoya will post 5.11 earnings per share for the current fiscal year.

Hoya Company Profile

Hoya Corporation (OTCMKTS: HOCPY) is a Tokyo-based global manufacturer and supplier of optical products and related technologies. The company designs, produces and sells a broad range of optical materials and finished optics for consumer, industrial and healthcare markets, serving customers across Asia, Europe, the Americas and other regions worldwide.

Hoya’s product portfolio includes ophthalmic lenses and related vision-care products for eyeglasses, optical glass and lens blanks, and precision optical components used by original equipment manufacturers.