Short Interest in Canon, Inc. (OTCMKTS:CAJPY) Expands By 67.9%

Canon, Inc. (OTCMKTS:CAJPY) saw a large increase in short interest during 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 stock are sold short. Based on an average daily trading volume, of 204,485 shares, the days-to-cover ratio is presently 0.7 days.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded 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 data from MarketBeat, the stock has an average rating of “Sell”.

Canon Stock Performance

OTCMKTS:CAJPY opened at $26.92 on Wednesday. The stock’s 50-day simple moving average is $26.90 and its 200 day simple moving average is $28.66. The firm has a market capitalization of $23.65 billion, a PE ratio of 11.81 and a beta of 0.52. The company has a quick ratio of 0.97, a current ratio of 1.47 and a debt-to-equity ratio of 0.11. Canon has a twelve month low of $25.07 and a twelve month high of $32.34.

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

Canon Company Profile

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.