Short Interest in Seiko Epson Corp. (OTCMKTS:SEKEY) Declines By 39.0%

Seiko Epson Corp. (OTCMKTS:SEKEY) saw a significant decline in short interest in April. As of April 30th, there was short interest totaling 15,965 shares, a decline of 39.0% from the April 15th total of 26,157 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 33,666 shares, the days-to-cover ratio is currently 0.5 days.

Seiko Epson Price Performance

OTCMKTS:SEKEY opened at $7.97 on Tuesday. The company has a quick ratio of 1.22, a current ratio of 2.13 and a debt-to-equity ratio of 0.19. The firm has a market cap of $5.95 billion, a PE ratio of 39.85 and a beta of 0.72. Seiko Epson has a 12 month low of $5.75 and a 12 month high of $7.98. The company’s 50-day moving average price is $6.62 and its two-hundred day moving average price is $6.46.

Seiko Epson (OTCMKTS:SEKEY) last posted its earnings results on Friday, May 1st. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.24). The firm had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.17 billion. Seiko Epson had a net margin of 1.35% and a return on equity of 2.31%. On average, equities analysts anticipate that Seiko Epson will post 0.59 EPS for the current fiscal year.

About Seiko Epson

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.