Short Interest in Shin-Etsu Chemical Co. (OTCMKTS:SHECY) Drops By 82.7%

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) was the recipient of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 84,831 shares, a drop of 82.7% from the April 15th total of 490,701 shares. Based on an average daily volume of 1,227,168 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Shin-Etsu Chemical Trading Up 0.7%

SHECY stock traded up $0.17 during midday trading on Thursday, hitting $23.73. 65,996 shares of the company’s stock were exchanged, compared to its average volume of 546,373. The business has a 50-day simple moving average of $20.89 and a two-hundred day simple moving average of $17.85. The company has a current ratio of 6.26, a quick ratio of 4.66 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $94.19 billion, a PE ratio of 28.24 and a beta of 1.31. Shin-Etsu Chemical has a 1-year low of $13.64 and a 1-year high of $24.74.

Shin-Etsu Chemical (OTCMKTS:SHECY) last posted its earnings results on Tuesday, April 28th. The basic materials company reported $0.17 earnings per share (EPS) for the quarter. The company had revenue of $4.08 billion during the quarter. Shin-Etsu Chemical had a return on equity of 10.67% and a net margin of 18.50%. On average, sell-side analysts predict that Shin-Etsu Chemical will post 0.93 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Zacks Research raised Shin-Etsu Chemical to a “hold” rating in a report on Tuesday, April 7th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

About Shin-Etsu Chemical

Shin-Etsu Chemical is a large Japanese chemical company that manufactures a broad range of basic and specialty chemical products for industrial and technology customers. The company is known for production of polyvinyl chloride (PVC) and related vinyl products, silicones and silicone-based compounds, and high-purity silicon materials used in semiconductor and photovoltaic industries. Its product mix spans commodity chemicals for construction and plumbing as well as higher-margin specialty materials for electronics and precision manufacturing.

Key product lines include PVC resins and compounds for infrastructure and building applications; silicones and silicone elastomers used across automotive, healthcare and consumer markets; and semiconductor-grade silicon and silicon wafers that supply chipmakers and solar-cell manufacturers.