Short Interest in Shin-Etsu Chemical Co. (OTCMKTS:SHECY) Declines By 81.5%

Key Points

• Short interest plunged 81.5% to 89,843 shares as of March 13, leaving a days-to-cover ratio of 0.1 and effectively 0.0% of shares sold short.
• The stock dipped 2.4% to $19.23, with a market capitalization of $76.34 billion, a P/E of 22.36, and a 52-week range of $11.88–$20.95.
• In the latest quarter Shin-Etsu reported $0.22 EPS on $4.22 billion in revenue; the company is a major producer of PVC, silicones and semiconductor-grade silicon, and analysts forecast about $0.86 EPS for the year.

Shin-Etsu Chemical Co. (OTCMKTS:SHECY - Get Free Report) was the target of a significant decline in short interest in March. As of March 13th, there was short interest totaling 89,843 shares, a decline of 81.5% from the February 26th total of 484,695 shares. Based on an average daily trading volume, of 1,185,186 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company's stock are sold short. Currently, 0.0% of the company's stock are sold short. Based on an average daily trading volume, of 1,185,186 shares, the days-to-cover ratio is presently 0.1 days.

Shin-Etsu Chemical Stock Down 2.4%

Shin-Etsu Chemical stock traded down $0.48 during trading hours on Tuesday, hitting $19.23. The company had a trading volume of 359,274 shares, compared to its average volume of 562,771. Shin-Etsu Chemical has a fifty-two week low of $11.88 and a fifty-two week high of $20.95. The company has a debt-to-equity ratio of 0.05, a current ratio of 6.26 and a quick ratio of 4.66. The firm has a market capitalization of $76.34 billion, a P/E ratio of 22.36 and a beta of 1.33. The firm's fifty day moving average is $18.33 and its 200-day moving average is $16.52.

Shin-Etsu Chemical (OTCMKTS:SHECY - Get Free Report) last posted its quarterly earnings results on Tuesday, January 27th. The basic materials company reported $0.22 earnings per share for the quarter. Shin-Etsu Chemical had a return on equity of 10.75% and a net margin of 18.96%.The company had revenue of $4.22 billion during the quarter. On average, research analysts forecast that Shin-Etsu Chemical will post 0.86 earnings per share for the current year.

Shin-Etsu Chemical Company Profile

Shin-Etsu Chemical is a large Japanese chemical company that manufactures a broad range of basic and specialty chemical products for industrial and technology customers. The company is known for production of polyvinyl chloride (PVC) and related vinyl products, silicones and silicone-based compounds, and high-purity silicon materials used in semiconductor and photovoltaic industries. Its product mix spans commodity chemicals for construction and plumbing as well as higher-margin specialty materials for electronics and precision manufacturing.

Key product lines include PVC resins and compounds for infrastructure and building applications; silicones and silicone elastomers used across automotive, healthcare and consumer markets; and semiconductor-grade silicon and silicon wafers that supply chipmakers and solar-cell manufacturers.

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