Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY) Short Interest Up 1,065.2% in January

Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 26,800 shares, an increase of 1,065.2% from the December 31st total of 2,300 shares. Based on an average trading volume of 1,037,700 shares, the days-to-cover ratio is presently 0.0 days.

Shin-Etsu Chemical Price Performance

Shin-Etsu Chemical stock traded down $0.93 during trading hours on Wednesday, hitting $15.66. 348,332 shares of the stock traded hands, compared to its average volume of 750,391. Shin-Etsu Chemical has a 1 year low of $15.14 and a 1 year high of $23.23. The stock has a market capitalization of $62.17 billion, a price-to-earnings ratio of 18.42 and a beta of 1.24. The firm’s 50 day moving average price is $17.12 and its 200-day moving average price is $19.15.

Shin-Etsu Chemical (OTCMKTS:SHECY) last posted its quarterly 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 20.59% and a return on equity of 11.12%. Research analysts forecast that Shin-Etsu Chemical will post 0.92 earnings per share 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.