Seiko Epson Corp. (OTCMKTS:SEKEY) Shares Shorted: Short Interest Down 43.7% in October

Seiko Epson Corp. (OTCMKTS:SEKEY) was the recipient of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 9,078 shares, a drop of 43.7% from the September 30th total of 16,133 shares. Based on an average daily volume of 31,814 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the shares of the company are short sold.

Seiko Epson Price Performance

Shares of OTCMKTS SEKEY traded down $0.31 during midday trading on Monday, hitting $9.83. The company had a trading volume of 3,756 shares, compared to its average volume of 20,381. The firm has a market capitalization of $7.34 billion, a price-to-earnings ratio of 37.81 and a beta of 0.92. Seiko Epson has a twelve month low of $5.75 and a twelve month high of $10.97. The business has a 50-day simple moving average of $10.25 and a two-hundred day simple moving average of $8.29. The company has a quick ratio of 1.27, a current ratio of 2.09 and a debt-to-equity ratio of 0.20.

Seiko Epson (OTCMKTS:SEKEY) last issued its earnings results on Wednesday, August 5th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.04. The company had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.09 billion. Seiko Epson had a net margin of 1.71% and a return on equity of 2.97%. Seiko Epson has set its FY 2026 guidance at 0.676-0.676 EPS. Equities research analysts anticipate that Seiko Epson will post 0.68 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Jefferies Financial Group cut Seiko Epson from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. One analyst has rated the stock with a Hold rating. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Seiko Epson Company Profile

Seiko Epson Corporation is a Japan-based technology company that develops and manufactures imaging, printing, visual communications, and precision products. The company is best known for its Epson brand of inkjet printers, multifunction devices, scanners, and business and industrial printing systems.

Epson also produces projectors and other visual communication equipment, industrial robots and automation systems, microdevices, electronic components, and related solutions. Its product portfolio serves consumers, businesses, schools, commercial printers, manufacturers, and other institutional customers.

The company traces its origins to Daiwa Kogyo, founded in 1942 in Suwa, Japan, and adopted the Epson name in the 1970s.