Seiko Epson Corp. (OTCMKTS:SEKEY) Sees Significant Growth in Short Interest

Key Points

• Seiko Epson Corp. experienced a significant increase in short interest, with a rise of 75.8% in September, totaling 5,800 shares as of September 30th.
• Wall Street analysts have mixed opinions on SEKEY, with Zacks Research upgrading it to a "hold" and Nomura Securities giving it a "strong-buy" rating, resulting in an average recommendation of "Buy."
• For the latest earnings results, Seiko Epson reported a loss of $0.05 EPS compared to estimates, with quarterly revenue significantly below expectations at $2.18 billion.

Seiko Epson Corp. (OTCMKTS:SEKEY - Get Free Report) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 5,800 shares, a growth of 75.8% from the September 15th total of 3,300 shares. Based on an average trading volume of 40,300 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 40,300 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

SEKEY has been the subject of several recent research reports. Zacks Research raised Seiko Epson from a "strong sell" rating to a "hold" rating in a report on Monday, September 15th. Nomura Securities raised shares of Seiko Epson to a "strong-buy" rating in a report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy".

Seiko Epson Price Performance

SEKEY stock traded down $0.14 on Tuesday, reaching $6.42. 2,885 shares of the company's stock were exchanged, compared to its average volume of 64,624. The stock has a fifty day moving average of $6.48 and a 200-day moving average of $6.49. Seiko Epson has a twelve month low of $6.09 and a twelve month high of $9.65. The firm has a market cap of $4.80 billion, a PE ratio of 14.93 and a beta of 0.81. The company has a quick ratio of 1.21, a current ratio of 2.17 and a debt-to-equity ratio of 0.23.

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 analysts' consensus estimates of $0.12 by ($0.05). The business had revenue of $2.18 billion during the quarter, compared to analyst estimates of $322.07 billion. Seiko Epson had a net margin of 3.14% and a return on equity of 5.20%. As a group, equities analysts predict that Seiko Epson will post 0.48 EPS for the current fiscal year.

About Seiko Epson

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.

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