Sharp Co. (OTCMKTS:SHCAY) Sees Significant Drop in Short Interest

Sharp Co. (OTCMKTS:SHCAYGet Rating) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totalling 104,200 shares, a decrease of 69.1% from the April 30th total of 337,600 shares. Based on an average daily volume of 491,500 shares, the short-interest ratio is currently 0.2 days.

SHCAY has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Sharp from a “sell” rating to a “hold” rating in a research report on Tuesday, April 12th. Jefferies Financial Group upgraded shares of Sharp from an “underperform” rating to a “hold” rating in a research report on Tuesday, March 1st.

Shares of OTCMKTS:SHCAY traded up $0.02 during trading on Thursday, reaching $2.05. The company had a trading volume of 78,605 shares, compared to its average volume of 86,648. The firm’s fifty day moving average is $2.14 and its 200 day moving average is $2.50. The firm has a market capitalization of $5.02 billion, a PE ratio of 5.39 and a beta of 1.40. Sharp has a twelve month low of $1.91 and a twelve month high of $4.68. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.08 and a current ratio of 1.45.

About Sharp (Get Rating)

Sharp Corporation manufactures and sales telecommunication equipment, electric and electronic application equipment, and electronic components in Japan, China, and internationally. It operates through three segments: Smart Life, 8K Ecosystem, and ICT. The Smart Life segment offers refrigerators, superheated steam ovens, microwave ovens, small cooking appliances, air conditioners, washing machines, vacuum cleaners, air purifiers, fans, dehumidifiers, humidifiers, electric heating equipment, plasma cluster ion generators, beauty equipment, electronic dictionaries, calculators, telephones, network control units, solar cells, storage batteries, camera modules, sensor modules, proximity sensors, dust sensors, wafer foundry, CMOS / CCD sensors, semiconductor lasers etc.

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