Sharp Corp. (OTCMKTS:SHCAY) Short Interest Down 57.2% in March

Key Points

• Short interest in Sharp plunged by 57.2% in March to 6,455 shares (from 15,099 on March 15), leaving a days-to-cover ratio of about 0.2 based on average daily volume.
• Sharp reported Q EPS of $0.03 (in line) on $3.03B revenue (below the $3.14B estimate), trades at a market cap of $2.35B with a PE of 3.22, and set FY2025 guidance at 0.132 EPS while analysts forecast roughly 0.01 EPS for the current fiscal year.

Sharp Corp. (OTCMKTS:SHCAY - Get Free Report) saw a large drop in short interest in the month of March. As of March 31st, there was short interest totaling 6,455 shares, a drop of 57.2% from the March 15th total of 15,099 shares. Currently, 0.0% of the company's stock are short sold. Based on an average daily volume of 26,897 shares, the days-to-cover ratio is presently 0.2 days.

Sharp Trading Up 0.5%

SHCAY opened at $0.90 on Friday. The stock has a market cap of $2.35 billion, a PE ratio of 3.22 and a beta of 0.66. The company has a quick ratio of 0.68, a current ratio of 0.93 and a debt-to-equity ratio of 0.04. The business has a 50 day moving average of $0.96 and a 200-day moving average of $1.16. Sharp has a 52 week low of $0.81 and a 52 week high of $1.59.

Sharp (OTCMKTS:SHCAY - Get Free Report) last released its earnings results on Tuesday, February 10th. The company reported $0.03 EPS for the quarter, meeting analysts' consensus estimates of $0.03. The company had revenue of $3.03 billion during the quarter, compared to analysts' expectations of $3.14 billion. Sharp had a return on equity of 23.43% and a net margin of 5.57%.Sharp has set its FY 2025 guidance at 0.132-0.132 EPS. Equities research analysts predict that Sharp will post 0.01 earnings per share for the current fiscal year.

Sharp Company Profile

Sharp Corporation, founded in 1912 by Tokuji Hayakawa and headquartered in Sakai, Osaka, is a Japanese multinational electronics manufacturer. Over its century-long history, Sharp has been recognized for pioneering products such as the Ever-Sharp mechanical pencil and for its sustained innovation in display technologies.

The company's core offerings span consumer electronics and professional solutions, including LCD televisions, large-scale displays, mobile device components, multifunction printers, and energy products such as solar panels and energy storage systems.

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