Sharp Co. (OTCMKTS:SHCAY) Short Interest Down 53.2% in May

Sharp Co. (OTCMKTS:SHCAY - Get Free Report) saw a large decrease in short interest in the month of May. As of May 31st, there was short interest totalling 6,500 shares, a decrease of 53.2% from the May 15th total of 13,900 shares. Based on an average daily volume of 25,500 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the shares of the stock are sold short.

Sharp Price Performance

Shares of SHCAY stock traded down $0.01 during trading hours on Friday, hitting $1.13. The company had a trading volume of 1,639 shares, compared to its average volume of 5,736. Sharp has a 12 month low of $1.11 and a 12 month high of $1.74. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of -2.83 and a beta of 0.73. The firm's fifty day moving average is $1.30 and its 200 day moving average is $1.43. The company has a debt-to-equity ratio of 3.15, a quick ratio of 0.88 and a current ratio of 1.21.

Sharp (OTCMKTS:SHCAY - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The company reported $0.03 EPS for the quarter, hitting analysts' consensus estimates of $0.03. The business had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.72 billion. Sharp had a negative return on equity of 17.10% and a negative net margin of 7.12%. On average, sell-side analysts predict that Sharp will post 0.01 EPS for the current fiscal year.

About Sharp

Sharp Corporation manufactures and sells telecommunication equipment, electric and electronic application equipment, and electronic components in Japan, China, and internationally. It operates through five segments: Smart Life, 8K Ecosystem, ICT, Display Device, and Electronic Device. The Smart Life segment offers refrigerators, superheated steam ovens, microwave ovens, small cooking appliances, air conditioners, washing machines, vacuum cleaners, air purifiers, electric fans, dehumidifiers, humidifiers, electric heaters, plasmacluster ion generators, beauty appliances, electronic dictionaries, calculators, telephones, network control units, solar cells, storage batteries, etc.