Short Interest in Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY) Increases By 180.6%

Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY) was the target of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 211,000 shares, an increase of 180.6% from the January 31st total of 75,200 shares. Based on an average daily volume of 1,684,300 shares, the short-interest ratio is presently 0.1 days.

Shin-Etsu Chemical Stock Performance

Shares of SHECY stock traded down $0.37 during trading hours on Friday, reaching $15.07. The company had a trading volume of 514,395 shares, compared to its average volume of 723,351. Shin-Etsu Chemical has a 12-month low of $14.55 and a 12-month high of $23.23. The company has a market capitalization of $59.83 billion, a price-to-earnings ratio of 16.74 and a beta of 1.23. The stock has a fifty day moving average of $15.97 and a 200-day moving average of $18.28.

Shin-Etsu Chemical (OTCMKTS:SHECY) last issued its earnings results on Wednesday, January 29th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter. Shin-Etsu Chemical had a return on equity of 11.27% and a net margin of 21.64%. On average, 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.