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

Seiko Epson Corp. (OTCMKTS:SEKEY) was the recipient of a large growth in short interest during 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. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 57,920 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 57,920 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.0% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

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

Seiko Epson Trading Up 1.1%

SEKEY stock opened at $6.35 on Friday. The firm’s fifty day simple moving average is $6.24 and its two-hundred day simple moving average is $6.36. The stock has a market capitalization of $4.74 billion, a price-to-earnings ratio of 12.21 and a beta of 0.64. The company has a quick ratio of 1.17, a current ratio of 2.14 and a debt-to-equity ratio of 0.20. Seiko Epson has a twelve month low of $5.75 and a twelve month high of $9.17.

Seiko Epson (OTCMKTS:SEKEY) last issued 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. The company had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.27 billion. Seiko Epson had a net margin of 3.71% and a return on equity of 6.21%. As a group, analysts anticipate that Seiko Epson will post 0.48 earnings per share for the current 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.