Short Interest in Nihon Kohden Co. (OTCMKTS:NHNKY) Declines By 44.4%

Nihon Kohden Co. (OTCMKTS:NHNKY) saw a significant drop in short interest during the month of October. As of October 15th, there was short interest totalling 1,000 shares, a drop of 44.4% from the September 30th total of 1,800 shares. Based on an average daily volume of 73,600 shares, the days-to-cover ratio is presently 0.0 days.

Nihon Kohden Trading Up 5.0 %

Shares of NHNKY traded up $0.70 during mid-day trading on Friday, hitting $14.51. 3,525 shares of the company’s stock were exchanged, compared to its average volume of 6,357. The firm has a market capitalization of $2.48 billion, a P/E ratio of 21.03 and a beta of -0.06. Nihon Kohden has a fifty-two week low of $10.06 and a fifty-two week high of $20.00. The business’s 50 day moving average is $14.30 and its two-hundred day moving average is $14.27.

Nihon Kohden (OTCMKTS:NHNKY) last issued its earnings results on Friday, August 2nd. The company reported $0.03 EPS for the quarter. The company had revenue of $296.53 million for the quarter. Nihon Kohden had a net margin of 6.43% and a return on equity of 13.32%.

About Nihon Kohden

Nihon Kohden Corporation engages in development, manufacturing, sale, maintenance, and consultation of medical electronic equipment, and related systems and products in Japan, Americas, Europe, rest of Asia, and internationally. It offers physiological measuring equipment comprising electrocardiographs, electroencephalographs, and polygraphs for Cath-labs; patient monitoring systems, such as beside and central monitors; and treatment equipment including defibrillators, automated external defibrillators, ventilators, and pacemakers.