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

Sharp Corp. (OTCMKTS:SHCAY) saw a significant increase in short interest in December. As of December 15th, there was short interest totaling 6,171 shares, an increase of 283.8% from the November 30th total of 1,608 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 10,686 shares, the short-interest ratio is currently 0.6 days. Based on an average trading volume of 10,686 shares, the short-interest ratio is currently 0.6 days. Approximately 0.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Sharp to a “hold” rating in a report on Tuesday, November 11th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Sharp Stock Down 0.4%

SHCAY opened at $1.17 on Thursday. Sharp has a fifty-two week low of $1.01 and a fifty-two week high of $1.70. The firm has a market capitalization of $3.04 billion, a P/E ratio of 7.80 and a beta of 0.52. The company’s 50-day moving average is $1.27 and its 200 day moving average is $1.27. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.88 and a quick ratio of 0.65.

Sharp (OTCMKTS:SHCAY) last issued its quarterly earnings data on Monday, November 10th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. Sharp had a net margin of 2.95% and a return on equity of 19.42%. The business had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.29 billion. Research analysts expect that Sharp will post 0.01 earnings per share for the current fiscal year.

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.