Sharp Corp. (OTCMKTS:SHCAY) Short Interest Down 33.2% in May

Sharp Corp. (OTCMKTS:SHCAY) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 17,011 shares, a decrease of 33.2% from the May 14th total of 25,468 shares. Based on an average daily volume of 7,945 shares, the short-interest ratio is presently 2.1 days. Approximately 0.0% of the company’s stock are short sold.

Sharp Stock Performance

Shares of SHCAY stock opened at $0.87 on Wednesday. Sharp has a 52-week low of $0.80 and a 52-week high of $1.52. The company has a 50-day simple moving average of $0.90 and a two-hundred day simple moving average of $1.02. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 6.73 and a beta of 0.63.

About Sharp

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.