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

Canon, Inc. (OTCMKTS:CAJPY) was the target of a large drop in short interest in September. As of September 30th, there was short interest totaling 65,700 shares, a drop of 33.6% from the September 15th total of 98,900 shares. Based on an average daily trading volume, of 111,400 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily trading volume, of 111,400 shares, the days-to-cover ratio is presently 0.6 days.

Canon Stock Performance

Shares of Canon stock opened at $29.70 on Wednesday. The stock has a market cap of $29.34 billion, a PE ratio of 23.76 and a beta of 0.54. The company has a current ratio of 1.44, a quick ratio of 0.96 and a debt-to-equity ratio of 0.09. The business has a 50 day moving average of $29.61. Canon has a one year low of $26.25 and a one year high of $34.69.

Wall Street Analysts Forecast Growth

CAJPY has been the topic of several recent research reports. Wall Street Zen cut Canon from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Zacks Research raised shares of Canon from a “strong sell” rating to a “hold” rating in a research note on Friday, August 15th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

About Canon

Canon Inc, together with its subsidiaries, manufactures and sells office multifunction devices (MFDs), plain paper copying machines, laser and inkjet printers, cameras, diagnostic equipment, and lithography equipment. The company operates through four segments: Printing Business Unit, Imaging Business Unit, Medical Business Unit, and Industrial and Others Business Unit.