Nihon Kohden Corporation (OTCMKTS:NHNKY) Short Interest Update

Nihon Kohden Corporation (OTCMKTS:NHNKY) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 8,040 shares, an increase of 264.6% from the August 15th total of 2,205 shares. Based on an average daily volume of 13,403 shares, the short-interest ratio is currently 0.6 days. Approximately 0.0% of the company’s stock are sold short.

Analysts Set New Price Targets

Separately, UBS Group lowered Nihon Kohden from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 12th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Nihon Kohden currently has an average rating of “Hold”.

Nihon Kohden Stock Performance

Shares of Nihon Kohden stock traded up $0.45 during midday trading on Friday, reaching $10.01. 18,352 shares of the company’s stock traded hands, compared to its average volume of 9,907. Nihon Kohden has a 52 week low of $8.12 and a 52 week high of $14.21. The company’s 50 day simple moving average is $9.51 and its 200 day simple moving average is $9.41. The company has a market cap of $1.68 billion, a price-to-earnings ratio of 18.20 and a beta of 0.36.

Nihon Kohden (OTCMKTS:NHNKY) last posted its earnings results on Thursday, August 6th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.09). The business had revenue of $297.47 million for the quarter, compared to analyst estimates of $299.98 million. Nihon Kohden had a return on equity of 9.08% and a net margin of 5.90%. As a group, equities research analysts predict that Nihon Kohden will post 0.6 earnings per share for the current year.

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.