Canon, Inc. (OTCMKTS:CAJPY) Sees Large Growth in Short Interest

Canon, Inc. (OTCMKTS:CAJPY) was the recipient of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 135,810 shares, an increase of 67.9% from the May 14th total of 80,875 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 204,485 shares, the short-interest ratio is currently 0.7 days.

Analyst Ratings Changes

Separately, Zacks Research downgraded Canon from a “hold” rating to a “strong sell” rating in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Canon Stock Up 0.0%

OTCMKTS CAJPY traded up $0.01 during trading hours on Tuesday, reaching $27.01. 30,246 shares of the company’s stock traded hands, compared to its average volume of 91,572. Canon has a 52-week low of $25.07 and a 52-week high of $32.34. The firm has a market cap of $23.73 billion, a PE ratio of 11.85 and a beta of 0.52. The firm has a 50-day simple moving average of $26.92 and a 200 day simple moving average of $28.67. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.47 and a quick ratio of 0.97.

Canon (OTCMKTS:CAJPY) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $0.35 earnings per share (EPS) for the quarter. Canon had a net margin of 6.62% and a return on equity of 8.52%. The company had revenue of $6.97 billion during the quarter. Sell-side analysts anticipate that Canon will post 2.5 EPS for the current fiscal year.

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.