Short Interest in Sharp Co. (OTCMKTS:SHCAY) Expands By 768.8%

Sharp Co. (OTCMKTS:SHCAY - Get Free Report) saw a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 13,900 shares, an increase of 768.8% from the April 30th total of 1,600 shares. Based on an average daily volume of 11,900 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.0% of the company's shares are short sold.

Sharp Trading Up 1.7%

Shares of Sharp stock traded up $0.02 during trading on Friday, hitting $1.23. The company's stock had a trading volume of 24,540 shares, compared to its average volume of 5,783. The company has a debt-to-equity ratio of 3.15, a current ratio of 1.21 and a quick ratio of 0.88. Sharp has a 52 week low of $1.20 and a 52 week high of $1.74. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of -3.08 and a beta of 0.76. The stock has a 50-day moving average price of $1.36 and a two-hundred day moving average price of $1.46.

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

Sharp Company Profile

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.