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

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

Shin-Etsu Chemical Price Performance

Shares of SHECY traded down $0.29 during mid-day trading on Friday, reaching $18.70. The company had a trading volume of 238,114 shares, compared to its average volume of 245,485. The company’s 50-day moving average is $20.54 and its 200-day moving average is $20.10. The company has a market capitalization of $74.86 billion, a P/E ratio of 22.00 and a beta of 1.21. Shin-Etsu Chemical has a twelve month low of $13.65 and a twelve month high of $23.23.

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

About Shin-Etsu Chemical

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.