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

Seiko Epson Corp. (OTCMKTS:SEKEY) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totaling 34,448 shares, an increase of 115.8% from the April 30th total of 15,965 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 42,448 shares, the short-interest ratio is presently 0.8 days.

Seiko Epson Stock Up 0.9%

Seiko Epson stock traded up $0.08 during mid-day trading on Friday, reaching $9.11. The company’s stock had a trading volume of 17,662 shares, compared to its average volume of 18,233. The business’s 50 day simple moving average is $7.00 and its 200 day simple moving average is $6.59. Seiko Epson has a 12 month low of $5.75 and a 12 month high of $9.18. The company has a market capitalization of $6.81 billion, a price-to-earnings ratio of 45.55 and a beta of 0.72. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.28 and a current ratio of 2.16.

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

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.