Short Interest in Seiko Epson Corp. (OTCMKTS:SEKEY) Increases By 69.8%

Seiko Epson Corp. (OTCMKTS:SEKEYGet Free Report) was the recipient of a large increase in short interest during the month of August. As of August 15th, there was short interest totaling 7,300 shares, anincreaseof69.8% from the July 31st total of 4,300 shares. Based on an average daily volume of 51,200 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 51,200 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Nomura Securities upgraded Seiko Epson to a “strong-buy” rating in a research note on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

View Our Latest Stock Analysis on SEKEY

Seiko Epson Trading Up 1.2%

OTCMKTS SEKEY opened at $6.60 on Friday. The company has a quick ratio of 1.21, a current ratio of 2.17 and a debt-to-equity ratio of 0.23. The stock’s 50 day moving average is $6.40 and its 200 day moving average is $6.87. Seiko Epson has a twelve month low of $6.11 and a twelve month high of $9.69. The firm has a market capitalization of $4.93 billion, a PE ratio of 15.34 and a beta of 0.81.

Seiko Epson (OTCMKTS:SEKEYGet Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.05). Seiko Epson had a net margin of 3.14% and a return on equity of 5.20%. The firm had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $322.07 billion. Research analysts forecast that Seiko Epson will post 0.48 earnings per share for the current fiscal year.

Seiko Epson Company Profile

(Get Free Report)

Seiko Epson Corporation, together with its subsidiaries, develops, manufactures, sells, and provides services for products in the printing solutions, visual communications, manufacturing-related and wearables, and other businesses. It operates through three segments: Printing Solutions, Visual Communications, and Manufacturing-related and Wearables segments.

Further Reading

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