Shin-Etsu Chemical Co. (OTCMKTS:SHECY) Short Interest Update

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) was the recipient of a large drop in short interest in April. As of April 30th, there was short interest totaling 84,831 shares, a drop of 82.7% from the April 15th total of 490,701 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 1,227,168 shares, the days-to-cover ratio is currently 0.1 days.

Shin-Etsu Chemical Stock Up 0.4%

OTCMKTS SHECY opened at $24.17 on Tuesday. Shin-Etsu Chemical has a 12 month low of $13.64 and a 12 month high of $24.74. The company has a market capitalization of $95.95 billion, a P/E ratio of 28.77 and a beta of 1.31. The company’s 50 day simple moving average is $20.74 and its 200 day simple moving average is $17.75. The company has a debt-to-equity ratio of 0.05, a current ratio of 6.26 and a quick ratio of 4.66.

Shin-Etsu Chemical (OTCMKTS:SHECY) last posted its quarterly earnings results on Tuesday, April 28th. The basic materials company reported $0.17 earnings per share (EPS) for the quarter. The firm had revenue of $4.08 billion for the quarter. Shin-Etsu Chemical had a net margin of 18.50% and a return on equity of 10.67%. Equities research analysts expect that Shin-Etsu Chemical will post 0.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Zacks Research raised Shin-Etsu Chemical to a “hold” rating in a research note on Tuesday, April 7th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

About Shin-Etsu Chemical

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.