Sharp Corp. (OTCMKTS:SHCAY) Short Interest Up 68.8% in March

Key Points

• Short interest jumped 68.8% in March to 15,099 shares (from 8,943 on Feb. 26), with a short-interest ratio of 1.2 days and a reported 0.0% of shares sold short.
• Shares opened at $0.86, down 2.0%, trading below their 50- and 200-day moving averages ($1.01 and $1.20); the stock has a market cap of $2.22 billion and a P/E of 3.05.
• Sharp reported Q results of $0.03 EPS (meeting estimates) and $3.03 billion in revenue (below the $3.14 billion estimate), set FY2025 guidance at 0.132 EPS, while analysts expect 0.01 EPS for the current year.

Sharp Corp. (OTCMKTS:SHCAY - Get Free Report) was the recipient of a significant growth in short interest in March. As of March 13th, there was short interest totaling 15,099 shares, a growth of 68.8% from the February 26th total of 8,943 shares. Based on an average daily volume of 12,505 shares, the short-interest ratio is currently 1.2 days. Currently, 0.0% of the company's shares are sold short.

Sharp Trading Down 2.0%

Shares of OTCMKTS SHCAY opened at $0.86 on Friday. The company's fifty day moving average is $1.01 and its 200-day moving average is $1.20. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of 3.05 and a beta of 0.60. Sharp has a twelve month low of $0.83 and a twelve month high of $1.60. The company has a quick ratio of 0.68, a current ratio of 0.93 and a debt-to-equity ratio of 0.04.

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

About Sharp

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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