Short Interest in Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY) Rises By 1,691.7%

Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 43,000 shares, a growth of 1,691.7% from the September 30th total of 2,400 shares. Based on an average trading volume of 280,500 shares, the short-interest ratio is presently 0.2 days.

Shin-Etsu Chemical Trading Down 1.5 %

Shares of OTCMKTS:SHECY traded down $0.29 on Friday, reaching $18.70. The company had a trading volume of 238,042 shares, compared to its average volume of 245,485. Shin-Etsu Chemical has a 52-week low of $13.65 and a 52-week high of $23.23. The firm’s 50 day simple moving average is $20.60 and its 200-day simple moving average is $20.11. The firm has a market capitalization of $74.86 billion, a PE ratio of 22.34 and a beta of 1.21.

Shin-Etsu Chemical (OTCMKTS:SHECY) last announced its earnings results on Friday, July 26th. The basic materials company reported $0.23 earnings per share for the quarter. Shin-Etsu Chemical had a return on equity of 11.41% and a net margin of 21.14%. The firm had revenue of $3.84 billion for the quarter. As a group, equities research analysts predict that Shin-Etsu Chemical will post 0.95 earnings per share for the current year.

Shin-Etsu Chemical Company Profile

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.