Sharp Corp. (OTCMKTS:SHCAY) Short Interest Down 55.4% in June

Sharp Corp. (OTCMKTS:SHCAY) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 7,583 shares, a drop of 55.4% from the May 31st total of 17,011 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 8,181 shares, the days-to-cover ratio is currently 0.9 days.

Sharp Stock Down 1.6%

OTCMKTS:SHCAY traded down $0.01 during trading hours on Tuesday, reaching $0.93. The company had a trading volume of 2,433 shares, compared to its average volume of 7,555. The stock has a 50-day moving average of $0.90 and a two-hundred day moving average of $1.00. Sharp has a one year low of $0.80 and a one year high of $1.52. The firm has a market capitalization of $2.43 billion, a PE ratio of 7.17 and a beta of 0.63.

Sharp Company Profile

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.