Sharp Corp. (OTCMKTS:SHCAY) Sees Significant Growth in Short Interest

Sharp Corp. (OTCMKTS:SHCAY) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 5,700 shares, an increase of 21.3% from the August 15th total of 4,700 shares. Based on an average daily trading volume, of 5,500 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 5,500 shares, the days-to-cover ratio is currently 1.0 days.

Sharp Price Performance

Sharp stock opened at $1.39 on Friday. Sharp has a 52 week low of $1.01 and a 52 week high of $1.70. The business has a 50-day simple moving average of $1.30 and a 200 day simple moving average of $1.31. The company has a quick ratio of 0.61, a current ratio of 0.85 and a debt-to-equity ratio of 0.06. The stock has a market cap of $3.61 billion, a price-to-earnings ratio of 8.69 and a beta of 0.64.

Sharp (OTCMKTS:SHCAY) last posted its earnings results on Friday, August 8th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.02 by $0.02. Sharp had a return on equity of 17.61% and a net margin of 3.12%.The business had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.09 billion. On average, research analysts forecast that Sharp will post 0.01 earnings per share for the current fiscal year.

Sharp Company Profile

Sharp Corporation manufactures and sells telecommunication equipment, electric and electronic application equipment, and electronic components in Japan, China, and internationally. It operates through five segments: Smart Life, 8K Ecosystem, ICT, Display Device, and Electronic Device. The Smart Life segment offers refrigerators, superheated steam ovens, microwave ovens, small cooking appliances, air conditioners, washing machines, vacuum cleaners, air purifiers, electric fans, dehumidifiers, humidifiers, electric heaters, plasmacluster ion generators, beauty appliances, electronic dictionaries, calculators, telephones, network control units, solar cells, storage batteries, etc.