Canon Inc (NYSE:CAJ) was the target of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 1,440,000 shares, an increase of 18.0% from the September 30th total of 1,220,000 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 303,500 shares, the short-interest ratio is currently 4.7 days.
Shares of CAJ traded up $0.09 during trading on Tuesday, reaching $27.74. 185,092 shares of the company traded hands, compared to its average volume of 285,569. Canon has a twelve month low of $25.49 and a twelve month high of $30.12. The stock has a market cap of $29.35 billion, a PE ratio of 13.02, a price-to-earnings-growth ratio of 4.46 and a beta of 0.56. The stock has a 50-day simple moving average of $26.97 and a 200-day simple moving average of $27.62. The company has a quick ratio of 1.18, a current ratio of 1.77 and a debt-to-equity ratio of 0.16.
A number of equities research analysts have weighed in on CAJ shares. Zacks Investment Research upgraded shares of Canon from a “sell” rating to a “hold” rating in a research report on Monday. Goldman Sachs Group cut shares of Canon from a “neutral” rating to a “sell” rating in a research report on Friday, September 20th.
Canon Company Profile
Canon Inc 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: Office Business Unit, Imaging System Business Unit, Medical System Business Unit, and Industry and Others Business Unit.
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