Short Interest in Sharp Corp. (OTCMKTS:SHCAY) Increases By 127.3%

Sharp Corp. (OTCMKTS:SHCAY) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 21,355 shares, an increase of 127.3% from the July 30th total of 9,394 shares. Based on an average daily volume of 9,274 shares, the short-interest ratio is presently 2.3 days. Currently, 0.0% of the shares of the company are sold short.

Sharp Stock Performance

Shares of SHCAY stock opened at $0.93 on Friday. The firm’s 50 day moving average is $0.92 and its 200 day moving average is $0.92. The stock has a market capitalization of $2.41 billion, a P/E ratio of 13.25 and a beta of 0.63. Sharp has a 12 month low of $0.80 and a 12 month high of $1.52.

Sharp (OTCMKTS:SHCAY) last released its quarterly earnings data on Friday, August 7th. The company reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01. Sharp had a net margin of 1.32% and a return on equity of 11.62%. The business had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.72 billion. On average, equities analysts predict that Sharp will post 0.07 EPS for the current year.

About Sharp

Sharp Corporation, founded in 1912 by Tokuji Hayakawa and headquartered in Sakai, Osaka, is a Japanese multinational electronics manufacturer. Over its century-long history, Sharp has been recognized for pioneering products such as the Ever-Sharp mechanical pencil and for its sustained innovation in display technologies.

The company’s core offerings span consumer electronics and professional solutions, including LCD televisions, large-scale displays, mobile device components, multifunction printers, and energy products such as solar panels and energy storage systems.