Seiko Epson Corp. (OTCMKTS:SEKEY) Sees Large Increase in Short Interest

Key Points

• Seiko Epson Corp. experienced a significant increase in short interest, rising by 69.8% in August, totaling 7,300 shares as of August 15th.
• Nomura Securities upgraded Seiko Epson to a "strong-buy" rating, contributing to an average stock rating of "Strong Buy" among analysts.
• Despite reporting lower-than-expected earnings with an EPS of $0.07, Seiko Epson's stock price increased by 1.2% to $6.60, buoyed by trading activity.

Seiko Epson Corp. (OTCMKTS:SEKEY - Get Free Report) was the recipient of a large growth in short interest in the month of August. As of August 15th, there was short interest totaling 7,300 shares, a growth of 69.8% from the July 31st total of 4,300 shares. Based on an average daily trading volume, of 51,200 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 51,200 shares, the days-to-cover ratio is presently 0.1 days.

Seiko Epson Trading Up 0.9%

Shares of SEKEY stock traded up $0.06 during mid-day trading on Thursday, hitting $6.64. The company's stock had a trading volume of 21,574 shares, compared to its average volume of 25,237. The company has a market cap of $4.96 billion, a PE ratio of 15.31 and a beta of 0.81. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.21 and a current ratio of 2.17. The company's fifty day simple moving average is $6.41 and its 200-day simple moving average is $6.84. Seiko Epson has a 52 week low of $6.11 and a 52 week high of $9.69.

Seiko Epson (OTCMKTS:SEKEY - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.05). Seiko Epson had a return on equity of 5.20% and a net margin of 3.14%.The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $322.07 billion. As a group, equities research analysts expect that Seiko Epson will post 0.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Nomura Securities upgraded Seiko Epson to a "strong-buy" rating in a research report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock has an average rating of "Strong Buy".

Seiko Epson Company Profile

Seiko Epson Corporation, together with its subsidiaries, develops, manufactures, sells, and provides services for products in the printing solutions, visual communications, manufacturing-related and wearables, and other businesses. It operates through three segments: Printing Solutions, Visual Communications, and Manufacturing-related and Wearables segments.