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

Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totalling 26,800 shares, a growth of 1,065.2% from the December 15th total of 2,300 shares. Based on an average daily volume of 1,037,700 shares, the days-to-cover ratio is currently 0.0 days.

Shin-Etsu Chemical Stock Down 0.9 %

Shin-Etsu Chemical stock traded down $0.14 during mid-day trading on Monday, hitting $16.22. The company had a trading volume of 592,222 shares, compared to its average volume of 489,175. The business has a fifty day moving average of $17.62 and a 200 day moving average of $19.45. Shin-Etsu Chemical has a 1 year low of $15.49 and a 1 year high of $23.23. The stock has a market cap of $64.39 billion, a price-to-earnings ratio of 19.08 and a beta of 1.24.

Shin-Etsu Chemical (OTCMKTS:SHECY) last announced its earnings results on Friday, October 25th. The basic materials company reported $0.24 earnings per share for the quarter. Shin-Etsu Chemical had a net margin of 20.59% and a return on equity of 11.12%. The business had revenue of $4.49 billion during the quarter. Equities analysts anticipate that Shin-Etsu Chemical will post 0.92 earnings per share 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.