Shin-Etsu Chemical Co. (OTCMKTS:SHECY) Sees Significant Decrease in Short Interest

Key Points

• Shin-Etsu Chemical Co. experienced a significant decrease in short interest, dropping 37.6% from 24,500 shares to 15,300 shares by the end of August.
• The company was downgraded by Zacks Research from a "hold" rating to a "strong sell" rating, indicating a bearish outlook from at least one analyst.
• Shin-Etsu reported $0.22 earnings per share for the last quarter, surpassing analyst expectations of $0.21, with revenues totaling $4.35 billion.

Shin-Etsu Chemical Co. (OTCMKTS:SHECY - Get Free Report) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 15,300 shares, a decline of 37.6% from the August 15th total of 24,500 shares. Currently, 0.0% of the company's stock are short sold. Based on an average daily trading volume, of 790,400 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 790,400 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company's stock are short sold.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered Shin-Etsu Chemical from a "hold" rating to a "strong sell" rating in a research report on Friday, September 5th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of "Sell".

Shin-Etsu Chemical Stock Down 0.1%

Shares of OTCMKTS SHECY traded down $0.01 during mid-day trading on Friday, reaching $15.66. The company had a trading volume of 114,550 shares, compared to its average volume of 506,707. Shin-Etsu Chemical has a twelve month low of $11.88 and a twelve month high of $21.74. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.81 and a current ratio of 6.48. The stock has a market capitalization of $62.17 billion, a PE ratio of 17.80 and a beta of 1.36. The stock's 50 day moving average is $15.31 and its 200-day moving average is $15.18.

Shin-Etsu Chemical (OTCMKTS:SHECY - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The basic materials company reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.21 by $0.01. Shin-Etsu Chemical had a net margin of 19.94% and a return on equity of 10.90%. The business had revenue of $4.35 billion for the quarter. As a group, equities analysts anticipate 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.