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

Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY) was the target of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 5,900 shares, a decline of 97.2% from the February 13th total of 211,000 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 1,062,800 shares, the short-interest ratio is presently 0.0 days.

Shin-Etsu Chemical Stock Up 1.4 %

OTCMKTS SHECY traded up $0.21 on Wednesday, reaching $15.05. The company had a trading volume of 415,760 shares, compared to its average volume of 676,651. The stock has a market cap of $59.75 billion, a price-to-earnings ratio of 16.72 and a beta of 1.27. The stock’s 50 day moving average is $15.75 and its 200-day moving average is $17.95. Shin-Etsu Chemical has a 52 week low of $14.40 and a 52 week high of $23.23.

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 return on equity of 11.27% and a net margin of 21.64%. As a group, analysts forecast 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.