Short Interest in Sharp Corp. (OTCMKTS:SHCAY) Increases By 56.3%

Sharp Corp. (OTCMKTS:SHCAY) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 9,643 shares, an increase of 56.3% from the December 15th total of 6,171 shares. Based on an average daily trading volume, of 18,622 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 18,622 shares, the days-to-cover ratio is presently 0.5 days.

Sharp Stock Performance

Shares of OTCMKTS SHCAY opened at $1.21 on Friday. Sharp has a one year low of $1.01 and a one year high of $1.70. The company has a current ratio of 0.88, a quick ratio of 0.65 and a debt-to-equity ratio of 0.05. The business has a fifty day simple moving average of $1.22 and a 200 day simple moving average of $1.28. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of 8.07 and a beta of 0.50.

Sharp (OTCMKTS:SHCAY) last announced its quarterly earnings results on Monday, November 10th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02. The firm had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.29 billion. Sharp had a net margin of 2.95% and a return on equity of 19.42%. Sell-side analysts expect that Sharp will post 0.01 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Sharp to a “hold” rating in a research report on Tuesday, November 11th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Sharp Company Profile

Sharp Corporation, founded in 1912 by Tokuji Hayakawa and headquartered in Sakai, Osaka, is a Japanese multinational electronics manufacturer. Over its century-long history, Sharp has been recognized for pioneering products such as the Ever-Sharp mechanical pencil and for its sustained innovation in display technologies.

The company’s core offerings span consumer electronics and professional solutions, including LCD televisions, large-scale displays, mobile device components, multifunction printers, and energy products such as solar panels and energy storage systems.