Short Interest in Sharp Corp. (OTCMKTS:SHCAY) Grows By 80.8%

Key Points

• The short interest in Sharp Corp. has increased by 80.8% in August, rising from 2,600 shares to 4,700 shares.
• Sharp Corp.'s stock has seen a 3.0% increase, reaching $1.45 amid average trading volumes.
• The company reported earnings per share (EPS) of $0.04 for the last quarter, exceeding analysts' estimates of $0.02.

Sharp Corp. (OTCMKTS:SHCAY - Get Free Report) was the recipient of a large growth in short interest in August. As of August 15th, there was short interest totaling 4,700 shares, a growth of 80.8% from the July 31st total of 2,600 shares. Based on an average trading volume of 25,300 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 25,300 shares, the short-interest ratio is currently 0.2 days.

Sharp Stock Performance

Sharp stock traded down $0.05 during mid-day trading on Wednesday, hitting $1.38. 1,528 shares of the company's stock traded hands, compared to its average volume of 4,480. The firm has a 50 day moving average price of $1.26 and a 200 day moving average price of $1.32. The company has a quick ratio of 0.61, a current ratio of 0.85 and a debt-to-equity ratio of 0.06. The company has a market cap of $3.58 billion, a PE ratio of 8.63 and a beta of 0.64. Sharp has a one year low of $1.01 and a one year high of $1.70.

Sharp (OTCMKTS:SHCAY - Get Free Report) last issued its quarterly earnings results on Friday, August 8th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02. Sharp had a return on equity of 17.61% and a net margin of 3.12%.The company had revenue of $3.20 billion for the quarter, compared to analysts' expectations of $3.09 billion. On average, equities analysts forecast that Sharp will post 0.01 EPS for the current 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.