Shin-Etsu Chemical Co. (OTCMKTS:SHECY) Sees Significant Decrease in Short Interest

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) saw a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 89,843 shares, a decline of 81.5% from the February 26th total of 484,695 shares. Based on an average trading volume of 1,185,186 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Shin-Etsu Chemical Stock Up 2.8%

Shin-Etsu Chemical stock opened at $19.76 on Thursday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.66 and a current ratio of 6.26. Shin-Etsu Chemical has a one year low of $11.88 and a one year high of $20.95. The company has a 50-day simple moving average of $18.42 and a 200-day simple moving average of $16.57. The firm has a market capitalization of $78.44 billion, a P/E ratio of 22.98 and a beta of 1.33.

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