Short Interest in Canon, Inc. (OTCMKTS:CAJPY) Decreases By 18.5%

Canon, Inc. (OTCMKTS:CAJPY) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 130,560 shares, a drop of 18.5% from the December 15th total of 160,201 shares. Based on an average daily trading volume, of 109,007 shares, the days-to-cover ratio is presently 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 109,007 shares, the days-to-cover ratio is presently 1.2 days.

Canon Trading Down 1.9%

OTCMKTS CAJPY opened at $29.33 on Wednesday. The company has a market cap of $29.53 billion, a price-to-earnings ratio of 23.85 and a beta of 0.57. Canon has a 1-year low of $26.25 and a 1-year high of $34.69. The firm has a 50-day moving average of $29.70. 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 (OTCMKTS:CAJPY) last posted its quarterly earnings results on Monday, October 27th. The company reported $0.48 earnings per share (EPS) for the quarter. Canon had a return on equity of 4.69% and a net margin of 3.59%.The business had revenue of $7.49 billion for the quarter, compared to analyst estimates of $7.37 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.