Sharp Corp. (OTCMKTS:SHCAY) Short Interest Update

Sharp Corp. (OTCMKTS:SHCAY) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 6,853 shares, a decrease of 28.9% from the December 31st total of 9,643 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 2,987 shares, the short-interest ratio is currently 2.3 days. Based on an average daily trading volume, of 2,987 shares, the short-interest ratio is currently 2.3 days. Currently, 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Sharp to a “hold” rating in a research note on Tuesday, November 11th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Sharp Stock Performance

Sharp stock opened at $1.09 on Friday. The firm has a market capitalization of $2.83 billion, a P/E ratio of 7.25 and a beta of 0.50. The stock has a fifty day moving average price of $1.18 and a two-hundred day moving average price of $1.28. Sharp has a 52-week low of $1.01 and a 52-week high of $1.70. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.88 and a quick ratio of 0.65.

Sharp (OTCMKTS:SHCAY) last posted its earnings results on Monday, November 10th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.02. The business 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%. As a group, analysts anticipate that Sharp will post 0.01 EPS for the current fiscal year.

About Sharp

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.