Short Interest in Canon, Inc. (OTCMKTS:CAJPY) Increases By 52.9%

Canon, Inc. (OTCMKTS:CAJPY) saw a significant growth in short interest in December. As of December 15th, there was short interest totaling 160,632 shares, a growth of 52.9% from the November 30th total of 105,080 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 130,015 shares, the short-interest ratio is presently 1.2 days. Based on an average trading volume of 130,015 shares, the short-interest ratio is presently 1.2 days. Currently, 0.0% of the company’s stock are sold short.

Canon Stock Performance

OTCMKTS CAJPY opened at $30.48 on Monday. The company has a quick ratio of 0.91, a current ratio of 1.38 and a debt-to-equity ratio of 0.09. Canon has a one year low of $26.25 and a one year high of $34.69. The firm’s 50 day moving average price is $29.40. The company has a market cap of $30.11 billion, a P/E ratio of 24.78 and a beta of 0.59.

Canon (OTCMKTS:CAJPY) last issued its quarterly earnings results on Monday, October 27th. The company reported $0.48 earnings per share (EPS) for the quarter. The business had revenue of $7.49 billion for the quarter, compared to analyst estimates of $7.37 billion. Canon had a net margin of 3.59% and a return on equity of 4.69%.

About Canon

Canon Inc is a multinational corporation headquartered in Tokyo, Japan, renowned for its imaging and optical products. The company’s core businesses encompass the design, manufacturing, and sale of a broad range of products, including digital cameras, interchangeable lenses, printers, scanners, photocopiers, and multifunction office equipment. Canon also offers medical, industrial, and semiconductor lithography systems, supporting sectors such as healthcare, manufacturing, and electronics.

Founded in 1937 as Precision Optical Instruments Laboratory, Canon initially focused on the development of Japan’s first 35mm focal-plane-shutter camera.