Short Interest in Sharp Corp. (OTCMKTS:SHCAY) Decreases By 57.2%

Sharp Corp. (OTCMKTS:SHCAY) was the recipient of a significant drop in short interest in March. As of March 31st, there was short interest totaling 6,455 shares, a drop of 57.2% from the March 15th total of 15,099 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 26,897 shares, the short-interest ratio is presently 0.2 days.

Sharp Trading Down 2.3%

Shares of SHCAY stock opened at $0.88 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.68 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 3.15 and a beta of 0.66. Sharp has a 12-month low of $0.81 and a 12-month high of $1.59. The stock’s 50-day moving average price is $0.96 and its 200-day moving average price is $1.15.

Sharp (OTCMKTS:SHCAY) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.03 EPS for the quarter, meeting analysts’ consensus estimates of $0.03. The company had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.14 billion. Sharp had a return on equity of 23.43% and a net margin of 5.57%.Sharp has set its FY 2025 guidance at 0.132-0.132 EPS. Equities research analysts predict that Sharp will post 0.01 EPS for the current fiscal year.

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.