Hoya Corp. (OTCMKTS:HOCPY) Sees Significant Decrease in Short Interest

Hoya Corp. (OTCMKTS:HOCPY) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 5,783 shares, a decrease of 47.2% from the August 31st total of 10,946 shares. Based on an average daily volume of 90,876 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Hoya Stock Up 0.8%

OTCMKTS:HOCPY traded up $1.26 during trading hours on Wednesday, reaching $150.48. The company’s stock had a trading volume of 8,990 shares, compared to its average volume of 36,289. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.91 and a quick ratio of 4.20. The company has a market cap of $50.39 billion, a price-to-earnings ratio of 29.86, a price-to-earnings-growth ratio of 3.12 and a beta of 0.96. Hoya has a one year low of $137.70 and a one year high of $190.18. The business’s 50-day moving average is $154.08 and its 200-day moving average is $164.81.

Hoya (OTCMKTS:HOCPY) last announced its quarterly earnings results on Friday, July 31st. The technology company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.10. Hoya had a return on equity of 25.78% and a net margin of 27.58%.The company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.55 billion. Equities research analysts predict that Hoya will post 5.26 EPS for the current year.

Hoya Company Profile

Hoya Corporation (OTCMKTS:HOCPY) is a Japan-based technology and healthcare company that develops and manufactures optical products and precision components. Its businesses serve the vision care, medical, semiconductor, and imaging industries.

Hoya’s life-care products include eyeglass lenses, contact lens-care products, intraocular lenses used in cataract surgery, and medical equipment such as endoscopic systems. The company also provides optical components and related products for cameras, microscopes, and other imaging applications.

Through its information-technology businesses, Hoya supplies photomasks and other high-precision materials used in semiconductor manufacturing, as well as glass substrates and optical components for data storage and communications applications.