Shin-Etsu Chemical Co. (OTCMKTS:SHECY) Short Interest Up 1,189.8% in December

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 184,353 shares, an increase of 1,189.8% from the November 30th total of 14,293 shares. Based on an average daily volume of 1,574,036 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 1,574,036 shares, the short-interest ratio is currently 0.1 days.

Shin-Etsu Chemical Stock Performance

Shin-Etsu Chemical stock traded down $0.01 on Wednesday, hitting $15.66. The company’s stock had a trading volume of 182,624 shares, compared to its average volume of 510,059. Shin-Etsu Chemical has a one year low of $11.88 and a one year high of $17.93. The firm has a market cap of $62.17 billion, a P/E ratio of 18.00 and a beta of 1.37. The company has a quick ratio of 4.41, a current ratio of 5.90 and a debt-to-equity ratio of 0.05. The company has a fifty day moving average price of $15.20 and a 200-day moving average price of $15.51.

Shin-Etsu Chemical (OTCMKTS:SHECY) last issued its earnings results on Friday, October 24th. The basic materials company reported $0.23 earnings per share for the quarter. Shin-Etsu Chemical had a net margin of 19.32% and a return on equity of 10.77%. The business had revenue of $4.45 billion for the quarter. On average, equities analysts anticipate that Shin-Etsu Chemical will post 0.86 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Shin-Etsu Chemical from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Shin-Etsu Chemical has an average rating of “Hold”.

Shin-Etsu Chemical Company Profile

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.