Topcon Co. (OTCMKTS:TOPCF) Short Interest Down 45.6% in December

Topcon Co. (OTCMKTS:TOPCF) saw a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 151,600 shares, a drop of 45.6% from the November 30th total of 278,900 shares. Based on an average daily trading volume, of 2,700 shares, the days-to-cover ratio is presently 56.1 days.

Topcon Price Performance

TOPCF remained flat at $17.82 during midday trading on Friday. The firm has a fifty day simple moving average of $12.49 and a 200 day simple moving average of $11.34. The company has a market cap of $1.87 billion, a P/E ratio of 66.00 and a beta of 1.11. Topcon has a 52-week low of $8.71 and a 52-week high of $17.82. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.59 and a quick ratio of 0.88.

Topcon (OTCMKTS:TOPCF) last announced its earnings results on Wednesday, October 30th. The company reported $0.08 earnings per share (EPS) for the quarter. The business had revenue of $363.55 million for the quarter. Topcon had a net margin of 2.06% and a return on equity of 7.51%.

About Topcon

Topcon Corporation, together with its subsidiaries, develops, manufactures, and sells positioning, eye care, and smart infrastructure products in Japan and internationally. The company provides total station products, including automatic tracking, motor drive, manual, industrial measurement, and imaging stations, as well as layout navigator, millimeter GPS, 3D mobile measurement system and laser scanner, data collector, theodolite, electronic level, and rotating and pipe laser products.