Canon, Inc. (OTCMKTS:CAJPY) Short Interest Up 65.0% in August

Canon, Inc. (OTCMKTS:CAJPY) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 143,720 shares, an increase of 65.0% from the August 15th total of 87,093 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 65,001 shares, the days-to-cover ratio is currently 2.2 days.

Canon Trading Down 1.6%

OTCMKTS:CAJPY opened at $28.68 on Friday. The business’s 50 day moving average is $28.50 and its two-hundred day moving average is $27.57. The company has a quick ratio of 0.96, a current ratio of 1.46 and a debt-to-equity ratio of 0.11. Canon has a 52 week low of $25.07 and a 52 week high of $32.34. The company has a market cap of $25.20 billion, a PE ratio of 11.29 and a beta of 0.52.

Canon (OTCMKTS:CAJPY) last posted its earnings results on Monday, July 27th. The company reported $0.89 EPS for the quarter. Canon had a return on equity of 9.41% and a net margin of 7.36%.The company had revenue of $7.41 billion during the quarter. On average, analysts predict that Canon will post 2.5 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Canon from a “strong sell” rating to a “hold” rating in a research report on Friday, July 10th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Canon Company Profile

Canon Inc is a Japan-based imaging and technology company that develops and manufactures products and solutions for consumers, businesses and professional organizations. Founded in 1937 as Precision Optical Industry Co, the company adopted the Canon name in 1947 and became Canon Inc in 1969.

Canon’s product portfolio includes interchangeable-lens cameras, compact cameras, lenses, digital video equipment and related imaging accessories. The company also provides office and production printing systems, multifunction devices, document management solutions and commercial printing equipment.

Beyond consumer and office products, Canon develops medical imaging systems, including diagnostic equipment, as well as network cameras, semiconductor and display manufacturing equipment, and other industrial technologies.