Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY) Sees Large Growth in Short Interest

Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totalling 10,600 shares, a growth of 41.3% from the March 31st total of 7,500 shares. Based on an average daily volume of 425,900 shares, the short-interest ratio is currently 0.0 days.

Shin-Etsu Chemical Price Performance

Shares of SHECY traded down $0.39 during midday trading on Friday, hitting $18.72. 1,837,076 shares of the company traded hands, compared to its average volume of 227,493. The stock has a 50-day moving average of $21.22 and a 200-day moving average of $19.13. Shin-Etsu Chemical has a one year low of $13.65 and a one year high of $23.04. The firm has a market cap of $74.94 billion, a P/E ratio of 20.80 and a beta of 1.27.

Shin-Etsu Chemical (OTCMKTS:SHECY) last announced its earnings results on Friday, January 26th. The basic materials company reported $0.20 earnings per share for the quarter. Shin-Etsu Chemical had a return on equity of 12.00% and a net margin of 21.63%. The business had revenue of $4.25 billion for the quarter. Sell-side analysts forecast that Shin-Etsu Chemical will post 1.04 EPS for the current fiscal year.

Shin-Etsu Chemical Company Profile

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.