Olympus Co. (OTCMKTS:OLYMY) Sees Large Decline in Short Interest

Olympus Co. (OTCMKTS:OLYMY) was the recipient of a large decline in short interest in the month of September. As of September 15th, there was short interest totalling 9,300 shares, a decline of 18.4% from the August 31st total of 11,400 shares. Based on an average daily trading volume, of 48,900 shares, the short-interest ratio is currently 0.2 days.

Olympus Stock Performance

Shares of OTCMKTS:OLYMY traded up $0.34 during mid-day trading on Friday, reaching $19.04. 20,824 shares of the company were exchanged, compared to its average volume of 42,247. Olympus has a 1 year low of $12.36 and a 1 year high of $19.26. The firm’s 50-day simple moving average is $17.53 and its 200 day simple moving average is $16.13.

About Olympus

Olympus Corporation manufactures and sells precision machineries and instruments worldwide. It operates through: Endoscopic Solutions Business, Therapeutic Solutions Business, Scientific Solutions Business, and Others segments. The Endoscopic Solutions Business segment offers gastrointestinal and surgical endoscopy systems, surgical microscopes, endoscope reprocessors, and maintenance services.