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

Seiko Epson Corp. (OTCMKTS:SEKEY) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 19,803 shares, a growth of 156.6% from the June 30th total of 7,718 shares. Based on an average daily volume of 27,046 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.0% of the shares of the stock are sold short.

Seiko Epson Price Performance

Shares of Seiko Epson stock opened at $9.39 on Tuesday. The stock’s 50-day simple moving average is $8.68 and its 200-day simple moving average is $7.33. Seiko Epson has a 52 week low of $5.75 and a 52 week high of $9.61. The company has a market capitalization of $7.02 billion, a price-to-earnings ratio of 46.95 and a beta of 0.86. The company has a quick ratio of 1.28, a current ratio of 2.16 and a debt-to-equity ratio of 0.20.

Seiko Epson (OTCMKTS:SEKEY) last released its earnings results on Friday, May 1st. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.24). The business had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.17 billion. Seiko Epson had a return on equity of 2.32% and a net margin of 1.35%. As a group, analysts expect that Seiko Epson will post 0.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Jefferies Financial Group lowered shares of Seiko Epson from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

About Seiko Epson

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.