Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY) Short Interest Down 28.5% in May

Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY) saw a large decline in short interest during the month of May. As of May 31st, there was short interest totalling 105,300 shares, a decline of 28.5% from the May 15th total of 147,200 shares. Based on an average trading volume of 943,200 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Shin-Etsu Chemical Stock Performance

SHECY stock opened at $15.46 on Tuesday. The firm has a market cap of $61.38 billion, a PE ratio of 17.18 and a beta of 1.33. The firm has a fifty day moving average price of $15.15 and a 200 day moving average price of $15.57. Shin-Etsu Chemical has a fifty-two week low of $11.88 and a fifty-two week high of $23.23.

Shin-Etsu Chemical (OTCMKTS:SHECY) last released its earnings results on Friday, April 25th. The basic materials company reported $0.19 earnings per share for the quarter. The business had revenue of $4.14 billion for the quarter. Shin-Etsu Chemical had a return on equity of 11.27% and a net margin of 21.64%. On average, equities analysts predict that Shin-Etsu Chemical will post 0.86 EPS 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.