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

Key Points

• Short interest in Seiko Epson fell 43.7% to 9,078 shares as of October 15, representing 0.0% of shares outstanding and just 0.3 days to cover.
• The stock opened at $10.14, near its 52-week high of $10.97, with a $7.58 billion market capitalization. Its 50-day moving average was $10.25, compared with $8.29 for the 200-day average.
• Seiko Epson beat quarterly earnings and revenue estimates, but analyst sentiment remains cautious: Jefferies downgraded the stock to “Hold,” matching the overall consensus rating.

Seiko Epson Corp. (OTCMKTS:SEKEY - Get Free Report) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 9,078 shares, a decrease 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. Currently, 0.0% of the shares of the stock are sold short.

Seiko Epson Stock Performance

SEKEY opened at $10.14 on Friday. The stock has a market cap of $7.58 billion, a P/E ratio of 39.00 and a beta of 0.92. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.09 and a quick ratio of 1.27. The stock's 50 day simple moving average is $10.25 and its 200 day simple moving average is $8.29. Seiko Epson has a 1-year low of $5.75 and a 1-year high of $10.97.

Seiko Epson (OTCMKTS:SEKEY - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.04. The firm had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.09 billion. Seiko Epson had a return on equity of 2.97% and a net margin of 1.71%. Seiko Epson has set its FY 2026 guidance at 0.676-0.676 EPS. As a group, equities analysts anticipate that Seiko Epson will post 0.68 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Jefferies Financial Group downgraded shares of Seiko Epson from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 14th. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company has a consensus rating of "Hold".

About Seiko Epson

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.

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