Shin-Etsu Chemical Co. (OTCMKTS:SHECY) Short Interest Down 41.1% in July

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) was the recipient of a significant drop in short interest in 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. Approximately0.0% of the shares of the company are short sold. Based on an average daily volume of 925,200 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 925,200 shares, the days-to-cover ratio is currently 0.0 days. Approximately0.0% of the shares of the company are short sold.

Shin-Etsu Chemical Stock Performance

Shares of OTCMKTS SHECY traded up $0.0860 during midday trading on Friday, hitting $15.4760. The company's stock had a trading volume of 581,749 shares, compared to its average volume of 536,455. The firm has a market capitalization of $61.44 billion, a price-to-earnings ratio of 17.59 and a beta of 1.33. The company has a current ratio of 6.48, a quick ratio of 4.81 and a debt-to-equity ratio of 0.06. The stock has a fifty day moving average price of $15.59 and a 200 day moving average price of $15.19. 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 released its quarterly earnings data on Thursday, July 24th. The basic materials company reported $0.22 EPS for the quarter, topping the consensus estimate 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 company had revenue of $4.35 billion during the quarter. On average, 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.