Shin-Etsu Chemical Co. (OTCMKTS:SHECY) Sees Large Growth in Short Interest

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 28,400 shares, an increase of 85.6% from the August 31st total of 15,300 shares. Based on an average daily volume of 574,300 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 574,300 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut Shin-Etsu Chemical from a “hold” rating to a “strong sell” rating in a report on Friday, September 5th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Shin-Etsu Chemical Trading Up 1.7%

OTCMKTS SHECY opened at $17.43 on Tuesday. The firm has a market capitalization of $69.20 billion, a PE ratio of 19.81 and a beta of 1.42. The business’s 50-day moving average price is $15.43 and its two-hundred day moving average price is $15.29. The company has a current ratio of 6.48, a quick ratio of 4.81 and a debt-to-equity ratio of 0.06. Shin-Etsu Chemical has a 12 month low of $11.88 and a 12 month high of $21.59.

Shin-Etsu Chemical (OTCMKTS:SHECY) last posted its quarterly earnings data on Thursday, July 24th. The basic materials company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. Shin-Etsu Chemical had a return on equity of 10.90% and a net margin of 19.94%.The company had revenue of $4.35 billion for the quarter. On average, analysts expect that Shin-Etsu Chemical will post 0.86 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.