Short Interest in Topcon Co. (OTCMKTS:TOPCF) Rises By 22.9%

Topcon Co. (OTCMKTS:TOPCF) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 186,300 shares, a growth of 22.9% from the December 31st total of 151,600 shares. Based on an average trading volume of 2,300 shares, the days-to-cover ratio is presently 81.0 days.

Topcon Stock Performance

Topcon stock traded down $0.77 during mid-day trading on Friday, reaching $17.08. The company had a trading volume of 2,414 shares, compared to its average volume of 16. The company has a 50 day moving average of $16.74 and a 200-day moving average of $12.69. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 63.27 and a beta of 0.93. The company has a quick ratio of 0.88, a current ratio of 1.59 and a debt-to-equity ratio of 0.34. Topcon has a 52 week low of $8.71 and a 52 week high of $19.46.

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

About Topcon

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.