Short Interest in Shin-Etsu Chemical Co. (OTCMKTS:SHECY) Decreases By 52.4%

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) was the target of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 45,082 shares, a decrease of 52.4% from the May 31st total of 94,677 shares. Based on an average daily trading volume, of 1,042,443 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Shin-Etsu Chemical Trading Up 2.3%

Shares of SHECY opened at $22.17 on Thursday. The stock has a market capitalization of $88.01 billion, a P/E ratio of 26.39 and a beta of 1.30. Shin-Etsu Chemical has a twelve month low of $13.64 and a twelve month high of $24.74. The company has a quick ratio of 4.66, a current ratio of 6.26 and a debt-to-equity ratio of 0.05. The firm has a fifty day simple moving average of $22.55 and a two-hundred day simple moving average of $19.74.

Shin-Etsu Chemical (OTCMKTS:SHECY) last released its quarterly earnings data 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%. On average, research analysts anticipate that Shin-Etsu Chemical will post 0.93 EPS for the current year.

Analyst Ratings Changes

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