Shin-Etsu Chemical Co. (OTCMKTS:SHECY) Short Interest Update

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) was the target of a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 279,602 shares, a decrease of 50.5% from the December 31st total of 565,338 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 733,190 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 733,190 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Shin-Etsu Chemical from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

Shin-Etsu Chemical Price Performance

Shares of Shin-Etsu Chemical stock opened at $16.13 on Friday. The stock has a market capitalization of $64.03 billion, a P/E ratio of 18.75 and a beta of 1.35. The business has a 50 day simple moving average of $15.96 and a two-hundred day simple moving average of $15.65. Shin-Etsu Chemical has a 12 month low of $11.88 and a 12 month high of $18.69. The company has a debt-to-equity ratio of 0.05, a current ratio of 5.90 and a quick ratio of 4.41.

Shin-Etsu Chemical (OTCMKTS:SHECY) last issued its quarterly earnings results on Tuesday, January 27th. The basic materials company reported $0.22 EPS for the quarter. The firm had revenue of $4.22 billion during the quarter. Shin-Etsu Chemical had a return on equity of 10.62% and a net margin of 18.96%. As a group, analysts predict that Shin-Etsu Chemical will post 0.86 EPS for the current fiscal year.

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.