Shin-Etsu Chemical Co. (OTCMKTS:SHECY) Short Interest Update

Key Points

• Shin-Etsu Chemical Co. saw a significant increase in short interest, rising by 85.6% from August to September, totaling 28,400 shares as of September 15th.
• Despite a 3.7% rise in share price to $17.14, analysts have downgraded the stock from a "hold" rating to a "strong sell," with a consensus rating of "Sell."
• For the most recent quarter, Shin-Etsu reported a net margin of 19.94% and earnings per share (EPS) of $0.22, exceeding analyst expectations of $0.21.

Shin-Etsu Chemical Co. (OTCMKTS:SHECY - Get Free Report) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totaling 28,400 shares, a growth of 85.6% from the August 31st total of 15,300 shares. Based on an average trading volume of 574,300 shares, the short-interest ratio is currently 0.0 days. Based on an average trading volume of 574,300 shares, the short-interest ratio is currently 0.0 days.

Shin-Etsu Chemical Stock Up 3.7%

Shares of OTCMKTS SHECY traded up $0.62 during midday trading on Friday, reaching $17.14. 215,092 shares of the company's stock were exchanged, compared to its average volume of 232,843. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.81 and a current ratio of 6.48. Shin-Etsu Chemical has a 52-week low of $11.88 and a 52-week high of $21.59. The business's fifty day moving average price is $15.38 and its two-hundred day moving average price is $15.27. The stock has a market capitalization of $68.05 billion, a PE ratio of 19.48 and a beta of 1.42.

Shin-Etsu Chemical (OTCMKTS:SHECY - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The basic materials company reported $0.22 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $4.35 billion during the quarter. Analysts forecast that Shin-Etsu Chemical will post 0.86 EPS for the current year.

Analysts Set New Price Targets

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

About Shin-Etsu Chemical

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.