Short Interest in Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY) Declines By 27.6%

Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY) was the target of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 81,700 shares, a decline of 27.6% from the March 15th total of 112,800 shares. Based on an average daily volume of 997,200 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Shin-Etsu Chemical Stock Down 0.4 %

Shares of OTCMKTS:SHECY opened at $13.43 on Friday. Shin-Etsu Chemical has a twelve month low of $11.88 and a twelve month high of $23.23. The company has a market cap of $53.32 billion, a price-to-earnings ratio of 14.92 and a beta of 1.32. The business has a 50 day moving average price of $14.58 and a 200 day moving average price of $16.69.

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

About Shin-Etsu Chemical

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.