Seiko Epson Corp. (OTCMKTS:SEKEY) Short Interest Up 156.6% in July

Seiko Epson Corp. (OTCMKTS:SEKEY) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 19,803 shares, a growth of 156.6% from the June 30th total of 7,718 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 27,046 shares, the short-interest ratio is presently 0.7 days.

Seiko Epson Stock Performance

OTCMKTS:SEKEY opened at $9.06 on Wednesday. The company’s 50-day moving average is $8.71 and its two-hundred day moving average is $7.35. Seiko Epson has a 1-year low of $5.75 and a 1-year high of $9.61. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.16 and a quick ratio of 1.28. The firm has a market capitalization of $6.77 billion, a price-to-earnings ratio of 45.30 and a beta of 0.85.

Seiko Epson (OTCMKTS:SEKEY) last announced its quarterly earnings results on Friday, May 1st. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. Analysts forecast that Seiko Epson will post 0.59 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group downgraded Seiko Epson from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

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.