Shin-Etsu Chemical Co. (OTCMKTS:SHECY) Short Interest Up 42.8% in October

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 239,400 shares, an increase of 42.8% from the September 30th total of 167,600 shares. Based on an average trading volume of 611,300 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 611,300 shares, the short-interest ratio is currently 0.4 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut shares of Shin-Etsu Chemical from a “hold” rating to a “strong sell” rating in a research note on Friday, September 5th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Shin-Etsu Chemical Price Performance

OTCMKTS SHECY opened at $14.99 on Monday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.81 and a current ratio of 6.48. The company has a market capitalization of $59.51 billion, a price-to-earnings ratio of 17.23 and a beta of 1.42. The stock has a 50-day moving average of $15.79 and a 200 day moving average of $15.60. Shin-Etsu Chemical has a one year low of $11.88 and a one year high of $19.86.

Shin-Etsu Chemical (OTCMKTS:SHECY) last released its quarterly earnings data on Friday, October 24th. The basic materials company reported $0.23 earnings per share for the quarter. Shin-Etsu Chemical had a net margin of 19.32% and a return on equity of 10.69%. The firm had revenue of $4.45 billion during the quarter. On average, sell-side analysts forecast 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.