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

Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY) was the target of a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 9,900 shares, a drop of 77.0% from the October 15th total of 43,000 shares. Based on an average trading volume of 450,000 shares, the days-to-cover ratio is currently 0.0 days.

Shin-Etsu Chemical Stock Down 1.4 %

Shin-Etsu Chemical stock traded down $0.25 during mid-day trading on Wednesday, reaching $18.18. 274,830 shares of the company’s stock traded hands, compared to its average volume of 246,960. Shin-Etsu Chemical has a 12-month low of $15.83 and a 12-month high of $23.23. The company has a market cap of $72.78 billion, a price-to-earnings ratio of 21.94 and a beta of 1.23. The stock has a 50 day moving average of $19.82 and a two-hundred day moving average of $19.95.

Shin-Etsu Chemical (OTCMKTS:SHECY) last announced its earnings results on Friday, October 25th. The basic materials company reported $0.24 EPS for the quarter. The business had revenue of $4.49 billion during the quarter. Shin-Etsu Chemical had a net margin of 20.59% and a return on equity of 11.41%. As a group, sell-side analysts forecast that Shin-Etsu Chemical will post 0.92 earnings per share for the current 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.