Canon, Inc. (OTCMKTS:CAJPY) Short Interest Update

Canon, Inc. (OTCMKTS:CAJPY) saw a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 135,810 shares, an increase of 67.9% from the May 14th total of 80,875 shares. Based on an average trading volume of 204,485 shares, the short-interest ratio is currently 0.7 days. Approximately 0.0% of the company’s shares are short sold.

Canon Stock Performance

Canon stock opened at $26.92 on Monday. The company has a current ratio of 1.47, a quick ratio of 0.97 and a debt-to-equity ratio of 0.11. The firm has a 50-day moving average of $26.94 and a 200-day moving average of $28.69. The firm has a market cap of $23.65 billion, a P/E ratio of 11.81 and a beta of 0.52. Canon has a 1-year low of $25.07 and a 1-year high of $32.34.

Canon (OTCMKTS:CAJPY) last posted its earnings results on Thursday, April 23rd. The company reported $0.35 earnings per share for the quarter. The company had revenue of $6.97 billion during the quarter. Canon had a net margin of 6.62% and a return on equity of 8.52%. Sell-side analysts expect that Canon will post 2.5 EPS for the current year.

Analyst Ratings Changes

Separately, Zacks Research lowered Canon from a “hold” rating to a “strong sell” rating in a research note on Friday, May 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Canon has a consensus rating of “Sell”.

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.