Capcom Co., Ltd. (OTCMKTS:CCOEY) Sees Large Decline in Short Interest

Capcom Co., Ltd. (OTCMKTS:CCOEY) was the target of a large decline in short interest in September. As of September 15th, there was short interest totaling 6,871 shares, a decline of 74.9% from the August 31st total of 27,420 shares. Based on an average daily volume of 61,220 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Capcom Price Performance

Capcom stock traded down $0.23 during mid-day trading on Monday, reaching $13.92. 4,875 shares of the company were exchanged, compared to its average volume of 136,384. The company has a fifty day simple moving average of $12.93 and a 200-day simple moving average of $11.14. Capcom has a 12 month low of $8.63 and a 12 month high of $14.79. The firm has a market cap of $14.84 billion, a PE ratio of 27.29 and a beta of 0.61.

Capcom (OTCMKTS:CCOEY) last released its earnings results on Tuesday, July 28th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.05. The firm had revenue of $429.66 million during the quarter, compared to the consensus estimate of $363.65 million. Capcom had a return on equity of 24.90% and a net margin of 30.13%. Sell-side analysts anticipate that Capcom will post 0.48 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Nomura raised shares of Capcom to a “buy” rating in a report on Wednesday, June 17th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Capcom Company Profile

Capcom Co, Ltd. is a Japan-based entertainment company that develops, publishes and distributes video games for consoles, personal computers and mobile devices. The company also operates digital distribution services and engages in licensing, merchandising and related entertainment activities.

Founded in 1979 and headquartered in Osaka, Japan, Capcom is known for internationally recognized franchises including Resident Evil, Monster Hunter, Street Fighter, Devil May Cry, Mega Man and Ace Attorney.