Short Interest in Canon, Inc. (OTCMKTS:CAJPY) Decreases By 30.3%

Key Points

• Short interest in Canon, Inc. (OTCMKTS:CAJPY) decreased by 30.3% in September, with a total of 98,900 shares compared to 141,800 shares in August.
• The stock opened at $29.70 and has a market capitalization of $29.34 billion, indicating a stable performance with a price-to-earnings ratio of 23.76.
• Wall Street analysts have generally rated Canon as a "Hold," with recent changes including a downgrade from a "buy" rating by Wall Street Zen.

Canon, Inc. (OTCMKTS:CAJPY - Get Free Report) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 98,900 shares, a decline of 30.3% from the August 31st total of 141,800 shares. Based on an average daily volume of 105,200 shares, the short-interest ratio is presently 0.9 days. Based on an average daily volume of 105,200 shares, the short-interest ratio is presently 0.9 days.

Canon Price Performance

Canon stock opened at $29.70 on Monday. The firm has a market cap of $29.34 billion, a price-to-earnings ratio of 23.76 and a beta of 0.54. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.96 and a current ratio of 1.44. Canon has a fifty-two week low of $26.25 and a fifty-two week high of $35.52. The stock's fifty day moving average price is $29.53.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CAJPY shares. Wall Street Zen lowered shares of Canon from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Zacks Research raised shares of Canon from a "strong sell" rating to a "hold" rating in a research note on Friday, August 15th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Canon currently has an average rating of "Hold".

Canon Company Profile

Canon Inc, together with its subsidiaries, manufactures and sells office multifunction devices (MFDs), plain paper copying machines, laser and inkjet printers, cameras, diagnostic equipment, and lithography equipment. The company operates through four segments: Printing Business Unit, Imaging Business Unit, Medical Business Unit, and Industrial and Others Business Unit.

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