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

Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totalling 6,500 shares, a drop of 84.7% from the August 31st total of 42,500 shares. Based on an average daily trading volume, of 628,600 shares, the days-to-cover ratio is currently 0.0 days.

Shin-Etsu Chemical Stock Up 0.3 %

Shares of OTCMKTS SHECY traded up $0.06 during trading on Thursday, hitting $20.50. The company had a trading volume of 65,696 shares, compared to its average volume of 254,726. The firm has a market capitalization of $82.07 billion, a price-to-earnings ratio of 22.78 and a beta of 1.22. The stock has a fifty day simple moving average of $20.79 and a two-hundred day simple moving average of $20.31. Shin-Etsu Chemical has a fifty-two week low of $13.65 and a fifty-two week high of $23.23.

Shin-Etsu Chemical (OTCMKTS:SHECY) last announced its quarterly earnings results on Friday, July 26th. The basic materials company reported $0.23 EPS for the quarter. The business had revenue of $3.84 billion during the quarter. Shin-Etsu Chemical had a return on equity of 11.41% and a net margin of 21.14%. On average, analysts anticipate that Shin-Etsu Chemical will post 0.9 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.