Canon, Inc. (OTCMKTS:CAJPY) Sees Large Growth in Short Interest

Canon, Inc. (OTCMKTS:CAJPY) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 143,720 shares, an increase of 65.0% from the August 15th total of 87,093 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 65,001 shares, the days-to-cover ratio is presently 2.2 days.

Analyst Ratings Changes

Separately, Zacks Research upgraded Canon from a “strong sell” rating to a “hold” rating in a research note on Friday, July 10th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

Canon Price Performance

Canon stock opened at $28.65 on Thursday. The stock has a market capitalization of $25.17 billion, a price-to-earnings ratio of 11.28 and a beta of 0.52. Canon has a 52-week low of $25.07 and a 52-week high of $32.34. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.96 and a current ratio of 1.46. The stock’s 50 day moving average price is $28.42 and its two-hundred day moving average price is $27.57.

Canon (OTCMKTS:CAJPY) last released its earnings results on Monday, July 27th. The company reported $0.89 earnings per share (EPS) for the quarter. The company had revenue of $7.41 billion for the quarter. Canon had a net margin of 7.36% and a return on equity of 9.41%. On average, equities analysts predict that Canon will post 2.5 earnings per share for the current year.

Canon Company Profile

Canon Inc is a Japan-based imaging and technology company that develops and manufactures products and solutions for consumers, businesses and professional organizations. Founded in 1937 as Precision Optical Industry Co, the company adopted the Canon name in 1947 and became Canon Inc in 1969.

Canon’s product portfolio includes interchangeable-lens cameras, compact cameras, lenses, digital video equipment and related imaging accessories. The company also provides office and production printing systems, multifunction devices, document management solutions and commercial printing equipment.

Beyond consumer and office products, Canon develops medical imaging systems, including diagnostic equipment, as well as network cameras, semiconductor and display manufacturing equipment, and other industrial technologies.