Shin-Etsu Chemical Co. (OTCMKTS:SHECY) Short Interest Up 1,952.7% in February

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) was the target of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 484,695 shares, a growth of 1,952.7% from the February 12th total of 23,613 shares. Based on an average daily trading volume, of 980,897 shares, the short-interest ratio is presently 0.5 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 980,897 shares, the short-interest ratio is presently 0.5 days.

Shin-Etsu Chemical Price Performance

Shares of SHECY opened at $19.23 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 6.26 and a quick ratio of 4.66. The company’s fifty day moving average price is $17.72 and its 200-day moving average price is $16.25. Shin-Etsu Chemical has a 1-year low of $11.88 and a 1-year high of $20.93. The firm has a market capitalization of $76.34 billion, a PE ratio of 22.36 and a beta of 1.33.

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