HOYA Co. (OTCMKTS:HOCPY) Sees Large Drop in Short Interest

HOYA Co. (OTCMKTS:HOCPY) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 7,900 shares, a decline of 7.1% from the September 30th total of 8,500 shares. Based on an average daily volume of 22,800 shares, the days-to-cover ratio is presently 0.3 days.

HOYA Price Performance

Shares of HOCPY opened at $133.82 on Thursday. HOYA has a 52-week low of $95.84 and a 52-week high of $148.27. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.43 and a current ratio of 5.14. The firm has a market capitalization of $46.96 billion, a PE ratio of 37.48, a P/E/G ratio of 2.45 and a beta of 0.84. The stock has a 50 day simple moving average of $137.43 and a 200 day simple moving average of $126.95.

HOYA (OTCMKTS:HOCPY) last released its earnings results on Thursday, August 1st. The technology company reported $0.86 EPS for the quarter. HOYA had a return on equity of 20.72% and a net margin of 23.32%. The business had revenue of $1.37 billion during the quarter. Sell-side analysts predict that HOYA will post 3.83 EPS for the current fiscal year.

HOYA Company Profile

HOYA Corporation, a med-tech company, provides high-tech and medical products worldwide. It operates through three segments: Life Care, Telecommunication, and Other. The company offers life care products, including eyeglass and contact lenses; medical endoscopes; intraocular lenses; laparoscopic surgical instruments; automatic endoscope cleaning equipment; and other medical related products, such as prosthetic ceramic fillers and metallic implants for orthopedics.