Seiko Epson Corp. (OTCMKTS:SEKEY) Short Interest Down 49.2% in September

Key Points

• Seiko Epson Corp. experienced a significant decline in short interest of 49.2% in September, with total short shares dropping from 6,500 to 3,300.
• The company reported earnings of $0.07 per share for the last quarter, missing analysts' estimates of $0.12, and had a revenue of $2.18 billion.
• Analyst ratings for Seiko Epson have improved, with Zacks upgrading the stock from a "strong sell" to a "hold" and Nomura Securities giving it a "strong-buy" rating.

Seiko Epson Corp. (OTCMKTS:SEKEY - Get Free Report) was the target of a large decline in short interest in September. As of September 15th, there was short interest totaling 3,300 shares, a decline of 49.2% from the August 31st total of 6,500 shares. Based on an average daily trading volume, of 52,100 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 52,100 shares, the days-to-cover ratio is presently 0.1 days.

Seiko Epson Stock Performance

OTCMKTS:SEKEY opened at $6.44 on Friday. The business has a 50 day moving average of $6.49 and a 200 day moving average of $6.64. The company has a market capitalization of $4.81 billion, a price-to-earnings ratio of 14.98 and a beta of 0.81. Seiko Epson has a 1-year low of $6.11 and a 1-year high of $9.65. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.17 and a quick ratio of 1.21.

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

Analyst Ratings Changes

A number of research analysts have weighed in on SEKEY shares. Zacks Research raised Seiko Epson from a "strong sell" rating to a "hold" rating in a report on Monday, September 15th. Nomura Securities upgraded Seiko Epson to a "strong-buy" rating in a research report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "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.

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