Ricoh Company, Ltd. (OTCMKTS:RICOY) Sees Significant Drop in Short Interest

Ricoh Company, Ltd. (OTCMKTS:RICOY) was the target of a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 400 shares, a drop of 55.6% from the March 31st total of 900 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 4.0 days.

Ricoh Price Performance

Ricoh stock remained flat at $8.78 during midday trading on Friday. 33 shares of the company’s stock traded hands, compared to its average volume of 4,061. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.96 and a current ratio of 1.33. The company has a market capitalization of $5.35 billion, a P/E ratio of 12.90 and a beta of 0.69. Ricoh has a twelve month low of $6.96 and a twelve month high of $9.20. The company has a fifty day simple moving average of $8.61 and a 200-day simple moving average of $8.20.

Ricoh (OTCMKTS:RICOY) last announced its earnings results on Tuesday, February 6th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. The company had revenue of $3.96 billion for the quarter. Ricoh had a net margin of 2.48% and a return on equity of 5.73%. Sell-side analysts forecast that Ricoh will post 0.56 EPS for the current year.

About Ricoh

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.