Short Interest in Sharp Corp. (OTCMKTS:SHCAY) Decreases By 69.4%

Sharp Corp. (OTCMKTS:SHCAY) was the target of a significant drop in short interest in February. As of February 13th, there was short interest totaling 9,303 shares, a drop of 69.4% from the January 29th total of 30,432 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 20,834 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 20,834 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the shares of the stock are sold short.

Sharp Stock Performance

Shares of SHCAY stock opened at $1.00 on Friday. The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of 3.57 and a beta of 0.58. 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’s 50-day moving average price is $1.13 and its 200-day moving average price is $1.27. Sharp has a 12 month low of $0.92 and a 12 month high of $1.66.

Sharp (OTCMKTS:SHCAY) last issued its quarterly earnings data on Tuesday, February 10th. The company reported $0.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.03. Sharp had a net margin of 5.57% and a return on equity of 25.52%. The business had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.14 billion. Sharp has set its FY 2025 guidance at 0.132-0.132 EPS. Equities research analysts forecast that Sharp will post 0.01 EPS for the current year.

Wall Street Analyst Weigh In

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