Short Interest in Shin-Etsu Chemical Co. (OTCMKTS:SHECY) Declines By 52.4%

Shin-Etsu Chemical Co. (OTCMKTS:SHECY) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 45,082 shares, a drop of 52.4% from the May 31st total of 94,677 shares. Based on an average daily volume of 1,042,443 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Shin-Etsu Chemical to a “hold” rating in a report on Tuesday, April 7th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Shin-Etsu Chemical Stock Performance

Shares of Shin-Etsu Chemical stock traded up $0.07 during trading on Tuesday, reaching $21.65. The company’s stock had a trading volume of 75,937 shares, compared to its average volume of 489,895. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.66 and a current ratio of 6.26. The business’s fifty day moving average price is $22.54 and its 200-day moving average price is $19.65. The firm has a market cap of $85.96 billion, a price-to-earnings ratio of 25.78 and a beta of 1.30. Shin-Etsu Chemical has a one year low of $13.64 and a one year high of $24.74.

Shin-Etsu Chemical (OTCMKTS:SHECY) last announced its earnings results on Tuesday, April 28th. The basic materials company reported $0.17 earnings per share for the quarter. The firm had revenue of $4.08 billion during the quarter. Shin-Etsu Chemical had a return on equity of 10.67% and a net margin of 18.50%. As a group, equities research analysts predict that Shin-Etsu Chemical will post 0.93 earnings per share for the current year.

Shin-Etsu Chemical Company Profile

Shin-Etsu Chemical is a large Japanese chemical company that manufactures a broad range of basic and specialty chemical products for industrial and technology customers. The company is known for production of polyvinyl chloride (PVC) and related vinyl products, silicones and silicone-based compounds, and high-purity silicon materials used in semiconductor and photovoltaic industries. Its product mix spans commodity chemicals for construction and plumbing as well as higher-margin specialty materials for electronics and precision manufacturing.

Key product lines include PVC resins and compounds for infrastructure and building applications; silicones and silicone elastomers used across automotive, healthcare and consumer markets; and semiconductor-grade silicon and silicon wafers that supply chipmakers and solar-cell manufacturers.