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

Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY) was the target of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 5,900 shares, a decrease of 97.2% from the February 13th total of 211,000 shares. Based on an average daily volume of 1,062,800 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Shin-Etsu Chemical Stock Performance

Shares of SHECY traded down $0.10 during midday trading on Friday, hitting $14.95. 472,335 shares of the stock traded hands, compared to its average volume of 672,742. The business’s 50 day moving average price is $15.69 and its two-hundred day moving average price is $17.91. The firm has a market capitalization of $59.35 billion, a PE ratio of 16.61 and a beta of 1.27. Shin-Etsu Chemical has a 1-year low of $14.40 and a 1-year high of $23.23.

Shin-Etsu Chemical (OTCMKTS:SHECY) last posted its earnings results on Wednesday, January 29th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter. Shin-Etsu Chemical had a net margin of 21.64% and a return on equity of 11.27%. As a group, equities research analysts forecast that Shin-Etsu Chemical will post 0.86 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.