Short Interest in Shin-Etsu Chemical Co. (OTCMKTS:SHECY) Drops By 52.4%

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) was the target of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 45,082 shares, a decrease of 52.4% from the May 31st total of 94,677 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,042,443 shares, the days-to-cover ratio is currently 0.0 days.

Shin-Etsu Chemical Price Performance

Shares of Shin-Etsu Chemical stock opened at $21.66 on Wednesday. The stock has a market capitalization of $85.99 billion, a P/E ratio of 25.79 and a beta of 1.30. The business has a 50 day simple moving average of $22.53 and a two-hundred day simple moving average of $19.69. Shin-Etsu Chemical has a 12 month low of $13.64 and a 12 month high of $24.74. The company has a debt-to-equity ratio of 0.05, a current ratio of 6.26 and a quick ratio of 4.66.

Shin-Etsu Chemical (OTCMKTS:SHECY) last posted its quarterly earnings data on Tuesday, April 28th. The basic materials company reported $0.17 EPS for the quarter. The firm 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%. As a group, analysts predict that Shin-Etsu Chemical will post 0.93 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Shin-Etsu Chemical to a “hold” rating in a research note on Tuesday, April 7th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus 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.