Canon, Inc. (OTCMKTS:CAJPY) Short Interest Up 52.9% in December

Canon, Inc. (OTCMKTS:CAJPY) saw a significant growth in short interest in December. As of December 15th, there was short interest totaling 160,632 shares, a growth of 52.9% from the November 30th total of 105,080 shares. Based on an average daily trading volume, of 130,015 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 130,015 shares, the days-to-cover ratio is currently 1.2 days.

Canon Price Performance

Shares of CAJPY opened at $29.63 on Wednesday. The stock has a 50-day moving average price of $29.41. The firm has a market capitalization of $29.27 billion, a PE ratio of 24.09 and a beta of 0.59. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.91 and a current ratio of 1.38. Canon has a one year low of $26.25 and a one year high of $34.69.

Canon (OTCMKTS:CAJPY) last released its quarterly earnings results on Monday, October 27th. The company reported $0.48 earnings per share (EPS) for the quarter. Canon had a net margin of 3.59% and a return on equity of 4.69%. The business had revenue of $7.49 billion for the quarter, compared to analyst estimates of $7.37 billion.

About Canon

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.