Short Interest in Canon, Inc. (OTCMKTS:CAJPY) Decreases By 29.1%

Canon, Inc. (OTCMKTS:CAJPY) was the target of a large drop in short interest in March. As of March 13th, there was short interest totaling 67,851 shares, a drop of 29.1% from the February 26th total of 95,736 shares. Based on an average trading volume of 219,460 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the company’s stock are sold short.

Canon Stock Down 0.3%

CAJPY traded down $0.09 during mid-day trading on Friday, reaching $27.06. 85,187 shares of the stock were exchanged, compared to its average volume of 122,184. Canon has a 1 year low of $26.22 and a 1 year high of $32.55. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.04 and a current ratio of 1.54. The stock has a market capitalization of $23.78 billion, a PE ratio of 11.09 and a beta of 0.61. The company has a 50 day moving average price of $29.52 and a two-hundred day moving average price of $29.53.

Canon (OTCMKTS:CAJPY) last released its quarterly earnings results on Thursday, January 29th. The company reported $0.82 earnings per share for the quarter. Canon had a net margin of 7.17% and a return on equity of 9.29%. The company had revenue of $8.58 billion for the quarter, compared to analyst estimates of $8.37 billion.

Canon Company Profile

Canon Inc is a multinational corporation headquartered in Tokyo, Japan, renowned for its imaging and optical products. The company’s core businesses encompass the design, manufacturing, and sale of a broad range of products, including digital cameras, interchangeable lenses, printers, scanners, photocopiers, and multifunction office equipment. Canon also offers medical, industrial, and semiconductor lithography systems, supporting sectors such as healthcare, manufacturing, and electronics.

Founded in 1937 as Precision Optical Instruments Laboratory, Canon initially focused on the development of Japan’s first 35mm focal-plane-shutter camera.