Capcom Co., Ltd. (OTCMKTS:CCOEY – Get Free Report) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 55,855 shares, a drop of 66.7% from the June 30th total of 167,759 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 312,759 shares, the days-to-cover ratio is presently 0.2 days.
Analysts Set New Price Targets
Separately, Nomura upgraded Capcom to a “buy” rating in a report on Wednesday, June 17th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Capcom currently has an average rating of “Moderate Buy”.
Read Our Latest Stock Analysis on Capcom
Capcom Stock Up 4.2%
Capcom (OTCMKTS:CCOEY – Get Free Report) last posted its earnings results on Tuesday, July 28th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.05. Capcom had a net margin of 28.16% and a return on equity of 21.84%. As a group, research analysts anticipate that Capcom will post 0.45 EPS for the current fiscal year.
About Capcom
Capcom Co, Ltd. is a Japanese video game developer and publisher headquartered in Osaka. Founded in 1979 by Kenzo Tsujimoto, the company has grown into a leading global entertainment brand, creating interactive software and associated licensing businesses. Capcom operates through a network of subsidiaries and distribution partners across North America, Europe and Asia, serving both console and PC markets as well as the expanding digital download sector.
The core of Capcom’s business lies in the development, publishing and licensing of video game titles.
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