Nihon Kohden Co. (OTCMKTS:NHNKY) Experiences Dramatic Drop in Short Interest

Nihon Kohden Co. (OTCMKTS:NHNKY) has recently observed a considerable decline in short interest for the month of January. As of January 31st, the short interest amounted to just 100 shares, marking a significant decrease of 93.3% from the previous total of 1,500 shares on January 15th. Given the average trading volume of 13,500 shares, the short-interest ratio currently stands at 0.0 days.

Nihon Kohden Stock Performance

On Wednesday, during trading hours, Nihon Kohden's stock experienced a decline of $0.47, bringing it down to $14.39. A total of 1,921 shares changed hands, which is notably higher than its average trading volume of 5,133 shares. The company's 50-day moving average sits at $14.09, while the 200-day moving average is at $14.18. Over the past year, Nihon Kohden's stock has hit a 52-week low of $10.06 and a high of $20.00. Currently, the stock holds a market capitalization of $2.46 billion, a price-to-earnings ratio of 21.15, and a beta of -0.12.

Nihon Kohden last released its quarterly earnings results on February 5th. The announcement revealed earnings per share of $0.30 for the quarter, alongside a return on equity of 15.08% and a net profit margin of 7.71%.

Nihon Kohden Company Overview

Nihon Kohden Corporation is engaged in the development, manufacturing, sales, maintenance, and consulting related to medical electronic equipment as well as associated systems and products. The company operates in Japan, the Americas, Europe, the rest of Asia, and on an international scale. Nihon Kohden's offerings include physiological measuring equipment like electrocardiographs, electroencephalographs, and polygraphs for Cath-labs. Additionally, it provides patient monitoring systems, including bedside and central monitors, along with treatment equipment such as defibrillators, automated external defibrillators, ventilators, and pacemakers.

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