Sharp Corp. (OTCMKTS:SHCAY) Short Interest Up 21.3% in August

Key Points

• Sharp Corp. reported a 21.3% increase in short interest, with totals rising from 4,700 to 5,700 shares in August, indicating growing market speculation against the stock.
• The company's stock price rose by 2.8% during trading, reaching $1.45, with a market capitalization of $3.77 billion.
• In its latest earnings report, Sharp exceeded earnings expectations with $0.04 earnings per share and revenue of $3.20 billion, surpassing analyst estimates.

Sharp Corp. (OTCMKTS:SHCAY - Get Free Report) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 5,700 shares, an increase of 21.3% from the August 15th total of 4,700 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 5,500 shares, the days-to-cover ratio is currently 1.0 days. Based on an average daily trading volume, of 5,500 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.0% of the shares of the stock are sold short.

Sharp Price Performance

SHCAY traded up $0.01 during trading on Monday, hitting $1.40. The company's stock had a trading volume of 9,858 shares, compared to its average volume of 2,864. The company has a quick ratio of 0.61, a current ratio of 0.85 and a debt-to-equity ratio of 0.06. Sharp has a 12 month low of $1.01 and a 12 month high of $1.70. The stock has a market capitalization of $3.64 billion, a price-to-earnings ratio of 19.86 and a beta of 0.64. The firm's 50 day moving average price is $1.30 and its two-hundred day moving average price is $1.31.

Sharp (OTCMKTS:SHCAY - Get Free Report) last announced its quarterly earnings results on Friday, August 8th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.02. The company had revenue of $3.20 billion during the quarter, compared to the consensus estimate of $3.09 billion. Sharp had a return on equity of 17.61% and a net margin of 3.12%. Sell-side analysts forecast that Sharp will post 0.01 earnings per share for the current fiscal year.

About Sharp

Sharp Corporation manufactures and sells telecommunication equipment, electric and electronic application equipment, and electronic components in Japan, China, and internationally. It operates through five segments: Smart Life, 8K Ecosystem, ICT, Display Device, and Electronic Device. The Smart Life segment offers refrigerators, superheated steam ovens, microwave ovens, small cooking appliances, air conditioners, washing machines, vacuum cleaners, air purifiers, electric fans, dehumidifiers, humidifiers, electric heaters, plasmacluster ion generators, beauty appliances, electronic dictionaries, calculators, telephones, network control units, solar cells, storage batteries, etc.