Ricoh Co. (OTCMKTS:RICOY) Sees Significant Growth in Short Interest

Ricoh Co. (OTCMKTS:RICOY) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 1,973 shares, a growth of 104.5% from the September 30th total of 965 shares. Based on an average trading volume of 654 shares, the days-to-cover ratio is presently 3.0 days. Currently, 0.0% of the shares of the company are sold short.

Ricoh Stock Performance

Shares of RICOY opened at $11.99 on Friday. The business’s 50-day moving average price is $10.71 and its 200-day moving average price is $9.49. The company has a quick ratio of 1.12, a current ratio of 1.52 and a debt-to-equity ratio of 0.24. The stock has a market cap of $6.83 billion, a PE ratio of 12.76 and a beta of 0.39. Ricoh has a twelve month low of $8.00 and a twelve month high of $12.27.

Ricoh (OTCMKTS:RICOY) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.11 by $0.30. The firm had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.79 billion. Ricoh had a net margin of 3.10% and a return on equity of 6.99%.

Ricoh Company Profile

Ricoh Company, Ltd. is a Japan-based technology company that provides digital workplace, document management and commercial printing solutions. Its offerings include multifunction printers, office copiers, printers, scanners, related software and workflow systems, as well as managed print and IT services designed to help organizations digitize and automate business processes.

The company also serves the production printing and graphic communications markets, providing high-volume digital printing equipment, software and support services.