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

Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totalling 2,300 shares, a decrease of 88.0% from the November 30th total of 19,100 shares. Based on an average trading volume of 551,000 shares, the short-interest ratio is presently 0.0 days.

Shin-Etsu Chemical Stock Performance

SHECY traded up $0.24 during trading on Friday, hitting $16.79. 401,790 shares of the stock were exchanged, compared to its average volume of 262,075. The firm has a 50 day simple moving average of $18.13 and a 200 day simple moving average of $19.66. The firm has a market cap of $66.66 billion, a price-to-earnings ratio of 19.75 and a beta of 1.22. Shin-Etsu Chemical has a 1 year low of $15.49 and a 1 year high of $23.23.

Shin-Etsu Chemical (OTCMKTS:SHECY) last announced its quarterly earnings results on Friday, October 25th. The basic materials company reported $0.24 earnings per share for the quarter. The firm had revenue of $4.49 billion during the quarter. Shin-Etsu Chemical had a net margin of 20.59% and a return on equity of 11.12%. As a group, equities analysts anticipate that Shin-Etsu Chemical will post 0.92 earnings per share for the current fiscal year.

About Shin-Etsu Chemical

Shin-Etsu Chemical Co, Ltd. provides infrastructure, electronics, and functional materials in Japan. It is also involved in processing and specialized related services. The company operates through Infrastructure Materials; Electronics Materials; Functional Materials; and Processing and Specialized Services segments.