Sharp Corp. (OTCMKTS:SHCAY) Short Interest Down 69.4% in February

Sharp Corp. (OTCMKTS:SHCAY) was the target of a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 9,303 shares, a drop of 69.4% from the January 29th total of 30,432 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 20,834 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 20,834 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Sharp to a “hold” rating in a research note on Tuesday, November 11th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

Sharp Price Performance

Shares of OTCMKTS:SHCAY opened at $0.98 on Thursday. Sharp has a one year low of $0.92 and a one year high of $1.66. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.88 and a quick ratio of 0.65. The company has a market cap of $2.55 billion, a price-to-earnings ratio of 3.50 and a beta of 0.58. The firm has a 50 day simple moving average of $1.14 and a 200 day simple moving average of $1.27.

Sharp (OTCMKTS:SHCAY) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.03. Sharp had a net margin of 5.57% and a return on equity of 25.52%. The company had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.14 billion. Sharp has set its FY 2025 guidance at 0.132-0.132 EPS. Research analysts predict that Sharp will post 0.01 earnings per share for the current fiscal year.

About Sharp

Sharp Corporation, founded in 1912 by Tokuji Hayakawa and headquartered in Sakai, Osaka, is a Japanese multinational electronics manufacturer. Over its century-long history, Sharp has been recognized for pioneering products such as the Ever-Sharp mechanical pencil and for its sustained innovation in display technologies.

The company’s core offerings span consumer electronics and professional solutions, including LCD televisions, large-scale displays, mobile device components, multifunction printers, and energy products such as solar panels and energy storage systems.