Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY) Short Interest Down 97.2% in February

Shin-Etsu Chemical Co., Ltd. (OTCMKTS:SHECY) was the target of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 5,900 shares, a decline of 97.2% from the February 13th total of 211,000 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 1,062,800 shares, the short-interest ratio is currently 0.0 days.

Shin-Etsu Chemical Price Performance

SHECY opened at $15.05 on Thursday. The stock has a market cap of $59.75 billion, a P/E ratio of 16.72 and a beta of 1.27. Shin-Etsu Chemical has a 12 month low of $14.40 and a 12 month high of $23.23. The stock’s 50 day moving average price is $15.72 and its 200 day moving average price is $17.93.

Shin-Etsu Chemical (OTCMKTS:SHECY) last released its earnings results on Wednesday, January 29th. The basic materials company reported $0.22 EPS for the quarter. Shin-Etsu Chemical had a net margin of 21.64% and a return on equity of 11.27%. Equities analysts anticipate that Shin-Etsu Chemical will post 0.86 EPS for the current year.

About Shin-Etsu Chemical

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.