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

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

Sharp Price Performance

Shares of OTCMKTS:SHCAY traded up $0.01 on Tuesday, hitting $1.13. The company had a trading volume of 2,808 shares, compared to its average volume of 5,692. The company has a market cap of $2.92 billion, a PE ratio of -2.81 and a beta of 0.73. The company has a current ratio of 1.21, a quick ratio of 0.88 and a debt-to-equity ratio of 3.15. The business has a 50 day moving average of $1.30 and a 200 day moving average of $1.43. Sharp has a 52-week low of $1.11 and a 52-week high of $1.74.

Sharp (OTCMKTS:SHCAY - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.03. The company had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.72 billion. Sharp had a negative net margin of 7.12% and a negative return on equity of 17.10%. As a group, equities analysts anticipate that Sharp will post 0.01 earnings per share 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.