Short Interest in Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY) Grows By 1,811.9%

Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 112,800 shares, an increase of 1,811.9% from the February 28th total of 5,900 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 898,500 shares, the short-interest ratio is presently 0.1 days.

Shin-Etsu Chemical Stock Down 2.3 %

Shares of OTCMKTS SHECY traded down $0.35 during trading hours on Wednesday, hitting $14.63. The company had a trading volume of 281,802 shares, compared to its average volume of 641,495. Shin-Etsu Chemical has a 1-year low of $14.40 and a 1-year high of $23.23. The firm’s 50 day moving average is $15.47 and its 200-day moving average is $17.50. The stock has a market capitalization of $58.08 billion, a P/E ratio of 16.26 and a beta of 1.27.

Shin-Etsu Chemical (OTCMKTS:SHECY) last announced its quarterly earnings results on Wednesday, January 29th. The basic materials company reported $0.22 EPS for the quarter. Shin-Etsu Chemical had a net margin of 21.64% and a return on equity of 11.27%. On average, sell-side analysts predict that Shin-Etsu Chemical will post 0.86 earnings per share for the current 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.