Canon, Inc. (OTCMKTS:CAJPY) Short Interest Update

Canon, Inc. (OTCMKTS:CAJPY) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 135,810 shares, an increase of 67.9% from the May 14th total of 80,875 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 204,485 shares, the short-interest ratio is currently 0.7 days.

Canon Stock Performance

Shares of CAJPY opened at $26.92 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.47 and a quick ratio of 0.97. Canon has a one year low of $25.07 and a one year high of $32.34. The company has a 50-day simple moving average of $26.94 and a two-hundred day simple moving average of $28.69. The firm has a market capitalization of $23.65 billion, a PE ratio of 11.81 and a beta of 0.52.

Canon (OTCMKTS:CAJPY) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.35 EPS for the quarter. Canon had a net margin of 6.62% and a return on equity of 8.52%. The business had revenue of $6.97 billion during the quarter. On average, analysts anticipate that Canon will post 2.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered shares of Canon from a “hold” rating to a “strong sell” rating in a report on Friday, May 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

About Canon

Canon Inc is a multinational corporation headquartered in Tokyo, Japan, renowned for its imaging and optical products. The company’s core businesses encompass the design, manufacturing, and sale of a broad range of products, including digital cameras, interchangeable lenses, printers, scanners, photocopiers, and multifunction office equipment. Canon also offers medical, industrial, and semiconductor lithography systems, supporting sectors such as healthcare, manufacturing, and electronics.

Founded in 1937 as Precision Optical Instruments Laboratory, Canon initially focused on the development of Japan’s first 35mm focal-plane-shutter camera.