Sharp Corp. (OTCMKTS:SHCAY) Short Interest Up 197.5% in May

Sharp Corp. (OTCMKTS:SHCAY) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 25,468 shares, a growth of 197.5% from the April 30th total of 8,561 shares. Based on an average daily volume of 12,221 shares, the short-interest ratio is presently 2.1 days. Approximately 0.0% of the shares of the stock are sold short.

Sharp Stock Down 4.6%

Shares of OTCMKTS SHCAY opened at $0.91 on Friday. Sharp has a 12-month low of $0.80 and a 12-month high of $1.52. The company has a market capitalization of $2.36 billion, a PE ratio of 6.97 and a beta of 0.60. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.93 and a quick ratio of 0.68. The firm’s 50-day moving average is $0.89 and its two-hundred day moving average is $1.05.

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.