Ricoh Company, Ltd. (OTCMKTS:RICOY) Short Interest Down 98.6% in March

Ricoh Company, Ltd. (OTCMKTS:RICOY) was the recipient of a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 600 shares, a decrease of 98.6% from the February 29th total of 42,800 shares. Based on an average daily volume of 500 shares, the days-to-cover ratio is currently 1.2 days.

Ricoh Stock Performance

RICOY traded down $0.30 during trading on Thursday, hitting $8.70. 1,831 shares of the stock were exchanged, compared to its average volume of 6,252. The stock has a fifty day moving average price of $8.37 and a two-hundred day moving average price of $8.20. The firm has a market capitalization of $5.30 billion, a P/E ratio of 12.79 and a beta of 0.69. Ricoh has a 1-year low of $6.96 and a 1-year high of $9.20. The company has a quick ratio of 0.96, a current ratio of 1.33 and a debt-to-equity ratio of 0.17.

Ricoh (OTCMKTS:RICOY) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Ricoh had a net margin of 2.48% and a return on equity of 5.73%. The company had revenue of $3.96 billion for the quarter. As a group, sell-side analysts predict that Ricoh will post 0.6 earnings per share for the current year.

Ricoh Company Profile

Ricoh Company, Ltd. provides office, commercial printing, and related solutions worldwide. It operates through Digital services, Digital Products, Graphic Communications, Industrial Solutions, and Other segments. The company sells multifunctional printers (MFPs), laser printers, digital duplicators, wide format printers, facsimile machines, scanners, personal computers, servers, network equipment, related parts and supplies, services, and support and service and solutions related to documents.