Sharp Corp. (OTCMKTS:SHCAY – Get Free Report) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totaling 2,090 shares, a decline of 87.2% from the August 31st total of 16,385 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 11,524 shares, the days-to-cover ratio is currently 0.2 days.
Sharp Stock Performance
Shares of SHCAY opened at $0.97 on Friday. The stock has a market capitalization of $2.54 billion, a price-to-earnings ratio of 13.93 and a beta of 0.66. Sharp has a 12 month low of $0.80 and a 12 month high of $1.52. The firm has a fifty day simple moving average of $0.95 and a 200 day simple moving average of $0.92. The company has a current ratio of 1.44, a quick ratio of 1.01 and a debt-to-equity ratio of 1.26.
Sharp (OTCMKTS:SHCAY – Get Free Report) last issued its quarterly earnings results on Friday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. Sharp had a net margin of 1.32% and a return on equity of 11.29%. The firm had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.72 billion. Research analysts forecast that Sharp will post 0.07 EPS for the current fiscal year.
About Sharp
Sharp Corporation is a Japanese electronics company that develops and sells consumer, business and industrial products. Its product portfolio includes televisions, audio equipment, home appliances, air conditioners, microwave ovens, calculators and other electronic devices.
The company also supplies display panels and related technologies, including liquid-crystal and other advanced displays used in televisions, mobile devices, automobiles and business equipment. Sharp provides multifunction printers, point-of-sale systems, information displays, workplace solutions and other business-oriented products and services.
Founded in 1912, Sharp is headquartered in Sakai, Osaka, Japan, and serves customers through operations and distribution networks in Japan and international markets.
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