Sharp Corp. (OTCMKTS:SHCAY – Get Free Report) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 3,891 shares, an increase of 86.2% from the September 15th total of 2,090 shares. Based on an average daily trading volume, of 3,298 shares, the short-interest ratio is currently 1.2 days. Approximately 0.0% of the company’s stock are sold short.
Sharp Trading Down 0.5%
OTCMKTS SHCAY opened at $0.87 on Thursday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.44 and a quick ratio of 1.01. The firm’s fifty day moving average price is $0.96 and its 200 day moving average price is $0.92. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of 12.43 and a beta of 0.65. Sharp has a 12 month low of $0.80 and a 12 month high of $1.52.
Sharp (OTCMKTS:SHCAY – Get Free Report) last announced its quarterly earnings results on Friday, August 7th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. Sharp had a net margin of 1.32% and a return on equity of 11.29%. The firm had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.72 billion. On average, sell-side analysts expect that Sharp will post 0.07 earnings per share for the current fiscal year.
About Sharp
Sharp Corporation is a Japanese electronics company that develops and markets consumer electronics, business equipment and electronic components. Its product portfolio has included televisions and displays, audio and video equipment, refrigerators, microwave ovens, air conditioners, air purifiers, and other home appliances. The company also provides office solutions, including multifunction printers and related business systems.
Sharp is also active in display technologies, semiconductor-related products and electronic components, as well as solar and other energy-related solutions.
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