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Short Interest in Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY) Declines By 41.4%

Shin-Etsu Chemical logo with Basic Materials background

Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY - Get Free Report) was the recipient of a significant decline in short interest in April. As of April 15th, there was short interest totalling 47,900 shares, a decline of 41.4% from the March 31st total of 81,700 shares. Based on an average trading volume of 1,822,800 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company's shares are short sold.

Shin-Etsu Chemical Stock Performance

SHECY stock traded up $0.48 during mid-day trading on Friday, hitting $15.85. 314,847 shares of the company were exchanged, compared to its average volume of 668,648. Shin-Etsu Chemical has a 1-year low of $11.88 and a 1-year high of $23.23. The firm's 50 day simple moving average is $14.39 and its 200 day simple moving average is $16.23. The firm has a market cap of $62.92 billion, a P/E ratio of 17.61 and a beta of 1.32.

Shin-Etsu Chemical (OTCMKTS:SHECY - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The basic materials company reported $0.19 EPS for the quarter. The business had revenue of $4.14 billion for the quarter. Shin-Etsu Chemical had a net margin of 21.64% and a return on equity of 11.27%. On average, equities research analysts predict that Shin-Etsu Chemical will post 0.86 EPS for the current fiscal year.

Shin-Etsu Chemical Company Profile

(Get Free Report)

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.

Further Reading

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