Shin-Etsu Chemical Co. (OTCMKTS:SHECY) Short Interest Update

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) saw a significant increase in short interest in June. As of June 30th, there was short interest totaling 82,319 shares, an increase of 82.6% from the June 15th total of 45,082 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 411,507 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Shin-Etsu Chemical to a “hold” rating in a research report on Tuesday, April 7th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

Shin-Etsu Chemical Trading Up 0.5%

OTCMKTS SHECY opened at $22.13 on Friday. 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 business has a fifty day simple moving average of $22.58 and a 200 day simple moving average of $20.28. Shin-Etsu Chemical has a 12 month low of $13.64 and a 12 month high of $24.74. The firm has a market capitalization of $87.86 billion, a P/E ratio of 26.35 and a beta of 1.32.

Shin-Etsu Chemical (OTCMKTS:SHECY) last posted its quarterly earnings data on Tuesday, April 28th. The basic materials company reported $0.17 earnings per share (EPS) for the quarter. Shin-Etsu Chemical had a net margin of 18.50% and a return on equity of 10.67%. The firm had revenue of $4.08 billion for the quarter. On average, analysts predict that Shin-Etsu Chemical will post 0.93 EPS for the current fiscal year.

About Shin-Etsu Chemical

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.