Short Interest in Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY) Expands By 41.3%

Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 10,600 shares, a growth of 41.3% from the March 31st total of 7,500 shares. Based on an average trading volume of 425,900 shares, the days-to-cover ratio is currently 0.0 days.

Shin-Etsu Chemical Stock Performance

Shares of OTCMKTS:SHECY traded down $0.39 during midday trading on Friday, hitting $18.72. 1,837,076 shares of the company’s stock traded hands, compared to its average volume of 227,493. The company has a market cap of $74.94 billion, a PE ratio of 20.80 and a beta of 1.27. The firm’s fifty day moving average price is $21.22 and its two-hundred day moving average price is $19.13. Shin-Etsu Chemical has a twelve month low of $13.65 and a twelve month high of $23.04.

Shin-Etsu Chemical (OTCMKTS:SHECY) last posted its earnings results on Friday, January 26th. The basic materials company reported $0.20 earnings per share for the quarter. The business had revenue of $4.25 billion for the quarter. Shin-Etsu Chemical had a net margin of 21.63% and a return on equity of 12.00%. As a group, equities research analysts anticipate that Shin-Etsu Chemical will post 1.04 EPS for the current fiscal 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.