Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY) Sees Large Increase in Short Interest

Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY) saw a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 211,000 shares, an increase of 180.6% from the January 31st total of 75,200 shares. Based on an average daily volume of 1,684,300 shares, the short-interest ratio is presently 0.1 days.

Shin-Etsu Chemical Stock Performance

Shin-Etsu Chemical stock traded down $0.37 during trading hours on Friday, reaching $15.07. 537,239 shares of the company’s stock traded hands, compared to its average volume of 728,851. The firm’s 50 day moving average is $15.99 and its 200-day moving average is $18.34. Shin-Etsu Chemical has a fifty-two week low of $14.55 and a fifty-two week high of $23.23. The firm has a market capitalization of $59.83 billion, a price-to-earnings ratio of 16.74 and a beta of 1.23.

Shin-Etsu Chemical (OTCMKTS:SHECY) last issued its earnings results on Wednesday, January 29th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter. Shin-Etsu Chemical had a return on equity of 11.27% and a net margin of 21.64%. Analysts predict that Shin-Etsu Chemical will post 0.86 EPS for the current year.

Shin-Etsu Chemical Company Profile

Shin-Etsu Chemical Co, Ltd. provides infrastructure, electronics, and functional materials in Japan. It is also involved in processing and specialized related services. The company operates through Infrastructure Materials; Electronics Materials; Functional Materials; and Processing and Specialized Services segments.