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

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) was the target of a significant decline in short interest in the month of January. As of January 30th, there was short interest totaling 188,901 shares, a decline of 32.4% from the January 15th total of 279,602 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 1,595,299 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 1,595,299 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Shin-Etsu Chemical from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Shin-Etsu Chemical Trading Down 1.7%

Shares of SHECY opened at $18.16 on Friday. The stock’s fifty day simple moving average is $16.46 and its 200 day simple moving average is $15.76. Shin-Etsu Chemical has a twelve month low of $11.88 and a twelve month high of $18.72. The company has a current ratio of 6.26, a quick ratio of 4.66 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $72.10 billion, a P/E ratio of 21.12 and a beta of 1.36.

Shin-Etsu Chemical (OTCMKTS:SHECY) last announced its quarterly earnings results on Tuesday, January 27th. The basic materials company reported $0.22 EPS for the quarter. The company had revenue of $4.22 billion during the quarter. Shin-Etsu Chemical had a return on equity of 10.75% and a net margin of 18.96%. On average, equities research analysts forecast that Shin-Etsu Chemical will post 0.86 earnings per share for the current year.

Shin-Etsu Chemical Company Profile

Shin-Etsu Chemical is a large Japanese chemical company that manufactures a broad range of basic and specialty chemical products for industrial and technology customers. The company is known for production of polyvinyl chloride (PVC) and related vinyl products, silicones and silicone-based compounds, and high-purity silicon materials used in semiconductor and photovoltaic industries. Its product mix spans commodity chemicals for construction and plumbing as well as higher-margin specialty materials for electronics and precision manufacturing.

Key product lines include PVC resins and compounds for infrastructure and building applications; silicones and silicone elastomers used across automotive, healthcare and consumer markets; and semiconductor-grade silicon and silicon wafers that supply chipmakers and solar-cell manufacturers.