Short Interest in Nihon Kohden Corporation (OTCMKTS:NHNKY) Decreases By 34.1%

Nihon Kohden Corporation (OTCMKTS:NHNKY) was the recipient of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 2,700 shares, a decrease of 34.1% from the September 30th total of 4,100 shares. Based on an average daily trading volume, of 10,400 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the company’s shares are short sold. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 10,400 shares, the days-to-cover ratio is currently 0.3 days.

Nihon Kohden Trading Up 1.7%

OTCMKTS:NHNKY opened at $12.22 on Tuesday. The business’s 50-day moving average price is $11.82 and its two-hundred day moving average price is $11.96. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 22.63 and a beta of 0.41. Nihon Kohden has a 1-year low of $9.86 and a 1-year high of $17.28.

Nihon Kohden (OTCMKTS:NHNKY) last posted its earnings results on Wednesday, August 6th. The company reported $0.01 earnings per share for the quarter. The firm had revenue of $346.24 million for the quarter. Nihon Kohden had a return on equity of 6.74% and a net margin of 5.77%.

Nihon Kohden Company Profile

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.