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

Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY) was the target of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 19,100 shares, an increase of 101.1% from the November 15th total of 9,500 shares. Based on an average daily volume of 525,300 shares, the short-interest ratio is currently 0.0 days.

Shin-Etsu Chemical Stock Performance

OTCMKTS:SHECY traded down $0.49 during trading on Friday, reaching $17.15. The company’s stock had a trading volume of 369,898 shares, compared to its average volume of 250,259. Shin-Etsu Chemical has a 12 month low of $16.70 and a 12 month high of $23.23. The firm has a market cap of $68.66 billion, a price-to-earnings ratio of 20.18 and a beta of 1.22. The firm has a 50 day moving average of $18.84 and a 200-day moving average of $19.82.

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 for the quarter. Shin-Etsu Chemical had a net margin of 20.59% and a return on equity of 11.12%. The company had revenue of $4.49 billion for the quarter. Equities research analysts forecast that Shin-Etsu Chemical will post 0.92 earnings per share for the current fiscal 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.