Short Interest in Shin-Etsu Chemical Co. (OTCMKTS:SHECY) Declines By 28.5%

Shin-Etsu Chemical Co. (OTCMKTS:SHECY - Get Free Report) was the target of a significant decrease in short interest during the month of May. As of May 31st, there was short interest totalling 105,300 shares, a decrease of 28.5% from the May 15th total of 147,200 shares. Based on an average daily trading volume, of 943,200 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Shin-Etsu Chemical Stock Down 3.1%

SHECY traded down $0.49 during trading on Friday, hitting $14.99. The company's stock had a trading volume of 190,305 shares, compared to its average volume of 583,815. The business's 50 day simple moving average is $15.25 and its 200-day simple moving average is $15.54. The firm has a market cap of $59.52 billion, a PE ratio of 17.04 and a beta of 1.33. Shin-Etsu Chemical has a one year low of $11.88 and a one year high of $23.23.

Shin-Etsu Chemical (OTCMKTS:SHECY - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The basic materials company reported $0.19 EPS for the quarter. The firm had revenue of $4.14 billion during the quarter. Shin-Etsu Chemical had a return on equity of 11.14% and a net margin of 20.84%. Equities research analysts expect that Shin-Etsu Chemical will post 0.86 EPS for the current fiscal year.

Shin-Etsu Chemical Company Profile

Shin-Etsu Chemical Co, Ltd. provides infrastructure, electronics, and functional materials in Japan. It is also involved in processing and specialized related services. The company operates through Infrastructure Materials; Electronics Materials; Functional Materials; and Processing and Specialized Services segments.