Seiko Epson Corp. (OTCMKTS:SEKEY) Sees Large Increase in Short Interest

Seiko Epson Corp. (OTCMKTS:SEKEY) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 26,192 shares, a growth of 85.7% from the November 30th total of 14,108 shares. Based on an average daily trading volume, of 57,920 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 57,920 shares, the days-to-cover ratio is presently 0.5 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Seiko Epson from a “strong sell” rating to a “hold” rating in a research note on Monday, September 15th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Seiko Epson Stock Performance

OTCMKTS:SEKEY opened at $6.35 on Monday. The company has a current ratio of 2.14, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $4.74 billion, a P/E ratio of 12.21 and a beta of 0.64. The firm has a 50-day moving average price of $6.24 and a two-hundred day moving average price of $6.36. Seiko Epson has a twelve month low of $5.75 and a twelve month high of $9.17.

Seiko Epson (OTCMKTS:SEKEY) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.12 by $0.01. Seiko Epson had a net margin of 3.71% and a return on equity of 6.21%. The business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.27 billion. As a group, research analysts expect that Seiko Epson will post 0.48 earnings per share for the current fiscal year.

Seiko Epson Company Profile

Seiko Epson Corporation is a Japanese electronics company known for its broad portfolio of imaging and printing solutions, as well as precision devices and microelectronics. The company’s core offerings include inkjet, laser and dye-sublimation printers for home, office and industrial use, desktop scanners, and 3LCD projectors. Epson also manufactures compact, energy-efficient robotics and automation systems, as well as semiconductors and sensors that support applications in automotive, healthcare and other sectors.

Established in 1942 as Suwa Seikosha Co, Ltd., the business first adopted the “Epson” name in 1968 with the release of the EP-101 electronic printer—so named as the “son of the electronic printer.” In 1982, the company formally became Seiko Epson Corporation, reflecting its integration within the broader Seiko Group.