Sharp Corp. (OTCMKTS:SHCAY) Sees Significant Increase in Short Interest

Sharp Corp. (OTCMKTS:SHCAY) saw a significant growth in short interest during the month of August. As of August 15th, there was short interest totaling 4,700 shares, agrowthof80.8% from the July 31st total of 2,600 shares. Based on an average trading volume of 25,300 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 25,300 shares, the days-to-cover ratio is currently 0.2 days.

Sharp Stock Performance

Shares of OTCMKTS:SHCAY opened at $1.45 on Monday. The firm has a market capitalization of $3.77 billion, a PE ratio of 9.08 and a beta of 0.64. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.85 and a quick ratio of 0.61. The business has a 50-day moving average of $1.24 and a two-hundred day moving average of $1.32. Sharp has a 12 month low of $1.01 and a 12 month high of $1.70.

Sharp (OTCMKTS:SHCAY) last announced its quarterly earnings results on Friday, August 8th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.02 by $0.02. The company had revenue of $3.20 billion during the quarter, compared to analyst estimates of $3.09 billion. Sharp had a return on equity of 17.61% and a net margin of 3.12%. As a group, research analysts forecast that Sharp will post 0.01 earnings per share for the current year.

Sharp Company Profile

Sharp Corporation manufactures and sells telecommunication equipment, electric and electronic application equipment, and electronic components in Japan, China, and internationally. It operates through five segments: Smart Life, 8K Ecosystem, ICT, Display Device, and Electronic Device. The Smart Life segment offers refrigerators, superheated steam ovens, microwave ovens, small cooking appliances, air conditioners, washing machines, vacuum cleaners, air purifiers, electric fans, dehumidifiers, humidifiers, electric heaters, plasmacluster ion generators, beauty appliances, electronic dictionaries, calculators, telephones, network control units, solar cells, storage batteries, etc.