Seiko Epson Corp. (OTCMKTS:SEKEY) Sees Significant Drop in Short Interest

Seiko Epson Corp. (OTCMKTS:SEKEY) was the recipient of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 22,797 shares, a decline of 33.8% from the May 14th total of 34,448 shares. Based on an average daily volume of 32,681 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.0% of the company’s shares are short sold.

Seiko Epson Stock Performance

Shares of SEKEY stock opened at $8.72 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.28 and a current ratio of 2.16. Seiko Epson has a fifty-two week low of $5.75 and a fifty-two week high of $9.61. The stock has a 50 day moving average price of $7.70 and a two-hundred day moving average price of $6.84. The company has a market capitalization of $6.52 billion, a P/E ratio of 43.60 and a beta of 0.84.

Seiko Epson (OTCMKTS:SEKEY) last announced its quarterly earnings data on Friday, May 1st. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.24). Seiko Epson had a net margin of 1.35% and a return on equity of 2.32%. The company had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.17 billion. Analysts expect that Seiko Epson will post 0.59 earnings per share for the current 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.