Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY) Short Interest Up 1,811.9% in March

Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY) was the target of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 112,800 shares, a growth of 1,811.9% from the February 28th total of 5,900 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 898,500 shares, the short-interest ratio is presently 0.1 days.

Shin-Etsu Chemical Price Performance

Shares of SHECY traded down $0.35 during mid-day trading on Thursday, reaching $14.63. 281,802 shares of the company’s stock traded hands, compared to its average volume of 641,495. Shin-Etsu Chemical has a 12 month low of $14.40 and a 12 month high of $23.23. The stock has a market cap of $58.08 billion, a P/E ratio of 16.26 and a beta of 1.27. The stock’s 50-day moving average is $15.44 and its two-hundred day moving average is $17.48.

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