Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY) Short Interest Up 355.4% in June

Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 80,600 shares, a growth of 355.4% from the May 31st total of 17,700 shares. Based on an average trading volume of 533,900 shares, the days-to-cover ratio is currently 0.2 days.

Shin-Etsu Chemical Price Performance

Shares of OTCMKTS SHECY traded up $0.29 during mid-day trading on Thursday, reaching $19.41. 104,130 shares of the company traded hands, compared to its average volume of 269,051. Shin-Etsu Chemical has a fifty-two week low of $13.65 and a fifty-two week high of $23.04. The firm has a market cap of $77.71 billion, a PE ratio of 21.57 and a beta of 1.23. The stock has a fifty day simple moving average of $19.18 and a 200-day simple moving average of $20.01.

Shin-Etsu Chemical (OTCMKTS:SHECY) last posted its quarterly earnings data on Thursday, April 25th. The basic materials company reported $0.17 EPS for the quarter. Shin-Etsu Chemical had a net margin of 21.63% and a return on equity of 11.96%. The business had revenue of $3.99 billion for the quarter. As a group, analysts predict that Shin-Etsu Chemical will post 1.03 EPS for the current fiscal 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.