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

Key Points

• 29.1% decline in short interest: As of March 13 short interest fell to 67,851 shares from 95,736 on Feb. 26, leaving effectively 0.0% of shares shorted and a short‑interest ratio of just 0.3 days based on average daily volume.
• Canon traded at $27.06 with a market cap of $23.78 billion and a PE ratio of 11.09; the company reported $0.82 EPS and $8.58 billion in quarterly revenue (slightly above consensus) and shows low leverage (debt/equity 0.08) with a 52‑week range of $26.22–$32.55.

Canon, Inc. (OTCMKTS:CAJPY - Get Free Report) was the target of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 67,851 shares, a decline of 29.1% from the February 26th total of 95,736 shares. Currently, 0.0% of the company's stock are short sold. Based on an average daily trading volume, of 219,460 shares, the short-interest ratio is currently 0.3 days.

Canon Stock Performance

OTCMKTS CAJPY traded down $0.09 on Friday, hitting $27.06. 85,187 shares of the stock were exchanged, compared to its average volume of 122,184. The company has a market capitalization of $23.78 billion, a PE ratio of 11.09 and a beta of 0.61. Canon has a 52 week low of $26.22 and a 52 week high of $32.55. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.54 and a quick ratio of 1.04. The business's fifty day moving average is $29.52 and its 200 day moving average is $29.53.

Canon (OTCMKTS:CAJPY - Get Free Report) last issued its earnings results on Thursday, January 29th. The company reported $0.82 EPS for the quarter. Canon had a return on equity of 9.29% and a net margin of 7.17%.The company had revenue of $8.58 billion during the quarter, compared to the consensus estimate of $8.37 billion.

About Canon

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.

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