Short Interest in Shin-Etsu Chemical Co. (OTCMKTS:SHECY) Declines By 52.4%

Shin-Etsu Chemical Co. (OTCMKTS:SHECYGet Free Report) saw a large drop in short interest in June. As of June 15th, there was short interest totaling 45,082 shares, a drop of 52.4% from the May 31st total of 94,677 shares. Based on an average daily volume of 1,042,443 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Shin-Etsu Chemical to a “hold” rating in a research note on Tuesday, April 7th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

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Shin-Etsu Chemical Stock Up 0.3%

Shares of Shin-Etsu Chemical stock traded up $0.07 during midday trading on Tuesday, reaching $21.65. 75,937 shares of the company’s stock traded hands, compared to its average volume of 489,895. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.66 and a current ratio of 6.26. Shin-Etsu Chemical has a 52 week low of $13.64 and a 52 week high of $24.74. The company’s 50 day simple moving average is $22.54 and its 200 day simple moving average is $19.65. The company has a market cap of $85.96 billion, a price-to-earnings ratio of 25.78 and a beta of 1.30.

Shin-Etsu Chemical (OTCMKTS:SHECYGet Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The basic materials company reported $0.17 earnings per share (EPS) for the quarter. Shin-Etsu Chemical had a net margin of 18.50% and a return on equity of 10.67%. The firm had revenue of $4.08 billion during the quarter. Equities analysts expect that Shin-Etsu Chemical will post 0.93 earnings per share for the current fiscal year.

Shin-Etsu Chemical Company Profile

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Shin-Etsu Chemical is a large Japanese chemical company that manufactures a broad range of basic and specialty chemical products for industrial and technology customers. The company is known for production of polyvinyl chloride (PVC) and related vinyl products, silicones and silicone-based compounds, and high-purity silicon materials used in semiconductor and photovoltaic industries. Its product mix spans commodity chemicals for construction and plumbing as well as higher-margin specialty materials for electronics and precision manufacturing.

Key product lines include PVC resins and compounds for infrastructure and building applications; silicones and silicone elastomers used across automotive, healthcare and consumer markets; and semiconductor-grade silicon and silicon wafers that supply chipmakers and solar-cell manufacturers.

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