Short Interest in Seiko Epson Corp. (OTCMKTS:SEKEY) Declines By 33.8%

Seiko Epson Corp. (OTCMKTS:SEKEY) was the target of a significant drop in short interest in May. As of May 29th, there was short interest totaling 22,797 shares, a drop of 33.8% from the May 14th total of 34,448 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 32,681 shares, the short-interest ratio is presently 0.7 days.

Seiko Epson Stock Performance

Seiko Epson stock opened at $9.03 on Tuesday. The firm’s 50 day simple moving average is $7.65 and its 200-day simple moving average is $6.83. The company has a market cap of $6.75 billion, a P/E ratio of 45.16 and a beta of 0.84. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.16 and a quick ratio of 1.28. Seiko Epson has a fifty-two week low of $5.75 and a fifty-two week high of $9.61.

Seiko Epson (OTCMKTS:SEKEY) last posted its quarterly earnings results on Friday, May 1st. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.24). The company had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.17 billion. Seiko Epson had a return on equity of 2.32% and a net margin of 1.35%. As a group, equities research analysts predict that Seiko Epson will post 0.59 EPS for the current year.

Seiko Epson Company Profile

Seiko Epson Corporation is a Japanese electronics company known for its broad portfolio of imaging and printing solutions, as well as precision devices and microelectronics. The company’s core offerings include inkjet, laser and dye-sublimation printers for home, office and industrial use, desktop scanners, and 3LCD projectors. Epson also manufactures compact, energy-efficient robotics and automation systems, as well as semiconductors and sensors that support applications in automotive, healthcare and other sectors.

Established in 1942 as Suwa Seikosha Co, Ltd., the business first adopted the “Epson” name in 1968 with the release of the EP-101 electronic printer—so named as the “son of the electronic printer.” In 1982, the company formally became Seiko Epson Corporation, reflecting its integration within the broader Seiko Group.