Short Interest in Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY) Drops By 88.0%

Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY) saw a significant drop in short interest in December. As of December 15th, there was short interest totalling 2,300 shares, a drop of 88.0% from the November 30th total of 19,100 shares. Based on an average daily trading volume, of 551,000 shares, the short-interest ratio is currently 0.0 days.

Shin-Etsu Chemical Stock Up 0.4 %

SHECY stock traded up $0.23 during midday trading on Thursday, reaching $16.55. 534,444 shares of the company’s stock traded hands, compared to its average volume of 261,514. The company has a 50-day simple moving average of $18.20 and a two-hundred day simple moving average of $19.69. The company has a market cap of $65.70 billion, a price-to-earnings ratio of 19.47 and a beta of 1.22. Shin-Etsu Chemical has a 1-year low of $15.49 and a 1-year high of $23.23.

Shin-Etsu Chemical (OTCMKTS:SHECY) last issued its quarterly earnings results on Friday, October 25th. The basic materials company reported $0.24 earnings per share (EPS) for the quarter. The business had revenue of $4.49 billion for the quarter. Shin-Etsu Chemical had a net margin of 20.59% and a return on equity of 11.12%. Equities research analysts forecast that Shin-Etsu Chemical will post 0.92 EPS 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.