Seiko Epson Corp. (OTCMKTS:SEKEY) Short Interest Down 39.0% in April

Seiko Epson Corp. (OTCMKTS:SEKEY) was the target of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 15,965 shares, a drop of 39.0% from the April 15th total of 26,157 shares. Based on an average daily trading volume, of 33,666 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.0% of the company’s stock are short sold.

Seiko Epson Stock Down 0.4%

Shares of Seiko Epson stock opened at $7.83 on Friday. The business’s 50 day simple moving average is $6.58 and its 200 day simple moving average is $6.45. Seiko Epson has a 52-week low of $5.75 and a 52-week high of $7.89. The firm has a market cap of $5.85 billion, a PE ratio of 39.13 and a beta of 0.72. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.22 and a current ratio of 2.13.

Seiko Epson (OTCMKTS:SEKEY) last announced its 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). Seiko Epson had a net margin of 1.35% and a return on equity of 2.31%. The firm had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.17 billion. On average, analysts predict that Seiko Epson will post 0.59 earnings per share for the current fiscal year.

Seiko Epson Company Profile

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.