Short Interest in Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY) Declines By 59.8%

Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY - Get Free Report) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totalling 147,200 shares, a drop of 59.8% from the April 30th total of 366,200 shares. Approximately 0.0% of the company's shares are short sold. Based on an average daily volume of 771,900 shares, the short-interest ratio is currently 0.2 days.

Shin-Etsu Chemical Stock Up 0.7%

SHECY stock traded up $0.12 during midday trading on Friday, hitting $15.94. The company's stock had a trading volume of 820,841 shares, compared to its average volume of 625,048. Shin-Etsu Chemical has a 52-week low of $11.88 and a 52-week high of $23.23. The firm has a market capitalization of $63.28 billion, a P/E ratio of 17.71 and a beta of 1.34. The firm has a 50-day simple moving average of $14.68 and a 200-day simple moving average of $15.78.

Shin-Etsu Chemical (OTCMKTS:SHECY - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The basic materials company reported $0.19 EPS for the quarter. Shin-Etsu Chemical had a net margin of 21.64% and a return on equity of 11.27%. The company had revenue of $4.14 billion during the quarter. On average, sell-side analysts expect that Shin-Etsu Chemical will post 0.86 earnings per share 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.