Topcon Co. (OTCMKTS:TOPCF) Sees Large Increase in Short Interest

Topcon Co. (OTCMKTS:TOPCF) was the target of a large growth in short interest in November. As of November 15th, there was short interest totalling 286,600 shares, a growth of 74.2% from the October 31st total of 164,500 shares. Based on an average trading volume of 200 shares, the short-interest ratio is presently 1,433.0 days.

Topcon Price Performance

Topcon stock traded up $0.79 during mid-day trading on Thursday, reaching $10.13. 100 shares of the company were exchanged, compared to its average volume of 1,221. The company has a quick ratio of 0.88, a current ratio of 1.59 and a debt-to-equity ratio of 0.34. The business has a fifty day moving average of $10.69 and a 200 day moving average of $10.79. Topcon has a 12-month low of $8.71 and a 12-month high of $12.18.

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

Topcon Company Profile

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.