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

Key Points

• Short interest in Shin-Etsu Chemical decreased significantly by 41.1% in July, falling to 29,000 shares from 49,200 shares.
• The company's stock price increased by 1.7% to $15.68, with a 12-month range between $11.88 and $23.23.
• Shin-Etsu Chemical reported earnings of $0.22 per share for the last quarter, exceeding analysts' expectations of $0.21, with a revenue of $4.35 billion.

Shin-Etsu Chemical Co. (OTCMKTS:SHECY - Get Free Report) saw a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 29,000 shares, adropof41.1% from the July 15th total of 49,200 shares. Based on an average daily volume of 925,200 shares, the short-interest ratio is presently 0.0 days. Approximately0.0% of the shares of the stock are sold short. Approximately0.0% of the shares of the stock are sold short. Based on an average daily volume of 925,200 shares, the short-interest ratio is presently 0.0 days.

Shin-Etsu Chemical Price Performance

Shares of OTCMKTS SHECY traded up $0.11 during mid-day trading on Friday, hitting $15.50. 661,468 shares of the stock traded hands, compared to its average volume of 429,628. The company has a debt-to-equity ratio of 0.06, a current ratio of 6.48 and a quick ratio of 4.81. Shin-Etsu Chemical has a twelve month low of $11.88 and a twelve month high of $23.23. The company has a market cap of $61.53 billion, a PE ratio of 17.61 and a beta of 1.33. The firm has a 50 day simple moving average of $15.59 and a two-hundred day simple moving average of $15.19.

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